Bitcoin’s Rising Difficulty Points To $100,000 Value By Year’s End, Says Mark...
Market expert and Bitcoin advocate Timothy Peterson has highlighted the importance of Bitcoin’s growth rate in difficulty as a potential indicator for a surge in its price amid a sharp correction in recent days that led to a price drop below $65,000 for the largest cryptocurrency on the market. In a recent social media post, […]
Related News
After a major difficulty adjustment rise, hash price heads for new lows as miners’ profitability gets squeezed.
Bitcoin recorded another mining difficulty rise on Sunday, October 23, 2022, at block height 760,032 rising 3.44% higher. This means that not only is it 3.44% harder to find a bitcoin block subsidy, the network’s mining difficulty has also reached another all-time high (ATH) by tapping 36.84 trillion.
Bitcoin’s Mining Difficulty Adjusts Upwards by 3.44%, Now at 36.84 Trillion
This weekend, Bitcoin’s (BTC) mining difficulty jumped 3.44% higher than the height miners dealt with during the past two weeks or the last 2,016 blocks. The network’s difficulty....
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....
During the last month, Bitcoin’s hashrate has been coasting along above the 200 exahash per second (EH/s) zone, minus a number of drops here and there above and below that range. Following two difficulty changes that saw the difficulty decrease by 1.84%, the network’s difficulty is expected to increase 4.24% within the next 13 hours.
Bitcoin’s Difficulty Expected to Reach All-Time High
Bitcoin miners caught two breaks during the last month when the difficulty dropped two times in a row. The first 1.49% drop occurred at block height 725,760 on March 3, 2022,....
Bitcoin’s mining difficulty dropped this week at block height 685,440 and saw the largest negative drop of the year losing close to 16%. Overall the global hashrate has dropped around 2% since the price fell below the $40k handle. Currently, the mining difficulty is around 21 trillion, and it could drop another 16% in less than two weeks. Bitcoin Mining Difficulty Slides Close to 16% Down Following 2021’s Largest Epoch Difficulty Rise The price of bitcoin (BTC) has seen better days and following the drop in price, the hashrate has also slowed down to a certain degree. On May....