Bitcoin mining difficulty surges 31% since July
Mining new Bitcoin keeps getting harder, but the current difficulty is still far from its record highs. As the Bitcoin network hash rate continues to recover amid global miners accumulating more capacity, the cryptocurrency is getting increasingly difficult to mine.On Tuesday, the Bitcoin network posted another mining difficulty adjustment, rising 3.2% to hit a difficulty rate of nearly 19 trillion, according to data from blockchain explorer BTC.com.The latest adjustment makes up the fifth consecutive surge of Bitcoin’s (BTC) mining difficulty since mid-July, with the difficulty rate....
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Bitcoin’s mining difficulty reached an all-time high on October 10, which means it’s more difficult than ever before to mine the leading crypto asset. Following the difficulty reduction on September 27, the network’s mining difficulty increased 13.55% higher at block height 758,016 as it printed the highest difficulty rise recorded this year. It’s Now 13.55% More Difficult to Discover a Bitcoin Block Reward, as Network’s Mining Difficulty Reaches an All-Time High at 35.61 Trillion Five days ago, Bitcoin’s hashrate reached an all-time high (ATH)....
As expected, Bitcoin’s mining difficulty increased this week jumping 6.03% higher on July 31. The change marks the first increase out of five difficulty adjustment changes. This was after four downward difficulty drops made it 54% easier to mine bitcoin than it was prior to mid-May. Bitcoin’s Mining Difficulty Increases 6%, Difficulty Is Expected to Increase Again in 11 Days On July 31, at block height 693,504, the Bitcoin blockchain’s difficulty adjusts itself depending on how much hashpower is dedicated to the network. The more hashrate dedicated to the BTC chain, the....
Bitcoin mining difficulty has posted another negative adjustment on Sunday, with the difficulty rate almost halving since mid-May. Amid the ongoing crackdown on cryptocurrency mining in China, mining new Bitcoin (BTC) continues getting easier as BTC has experienced another mining difficulty drop.On July 18, the Bitcoin network posted its fourth consecutive negative adjustment of mining difficulty, dropping 4.8%, according to data from Bitcoin explorer BTC.com.The latest mining difficulty adjustment occurred at block 691,488, reducing the difficulty rate from 14.4 trillion to 13.7 trillion,....
Difficulty in Bitcoin mining jumps the second time following the mid-July dip as the ecosystem recovers continuously. The Bitcoin mining ecosystem witnesses a mining difficulty that increased after China reported a crackdown facing the mining operations. The peak of the crackdown resulted in a global hash rate of up to three-quarters. BTC.com’s latest data reveals […]
It’s now 4.33% easier to mine bitcoin over the next two weeks as the difficulty adjustment algorithm (DAA) dropped from 31.25 trillion to today’s 29.85 trillion. It’s the largest DAA drop since July 17, 2021, when the difficulty dropped 4.81% at block height 691,488. Bitcoin Mining Difficulty Dips 4.33% — The Largest Drop Since July 2021 Mining bitcoin is a lot less difficult than it was before May 25, 2022, as Bitcoin’s difficulty adjustment algorithm (DAA) saw a 4.33% reduction in difficulty. Prior to the drop, Bitcoin’s difficulty was....