New Peak: Bitcoin Mining Difficulty Soars To 135 Trillion
Bitcoin’s mining math hit a fresh high this week as the network’s difficulty climbed to a new all-time peak of 135 trillion. Miners now need more computing work than ever to win a block, while the overall hashpower available to the network has slipped from its summer peak. Related Reading: MemeCore Explodes 3,800% For ATH — But Is A Collapse Around The Corner? Mining Difficulty Reaches New High According to on-chain data, network hashrate fell to 967 billion hashes per second after topping 1 trillion hashes per second on August 4. That gap — rising difficulty paired with a lower hashrate —....
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After bitcoin prices took a hit following Tesla’s recent u-turn, Bitcoin’s mining difficulty jumped over 25 trillion, the highest the metric has seen during the protocol’s lifetime. The mining difficulty spike follows the recent 12% difficulty drop the network experienced two weeks ago. Bitcoin’s Mining Difficulty Jumps to 25 Trillion, Could Hit 30 Trillion in Two Weeks After some issues with the Xinjiang grid in China three weeks ago, the overall SHA256 hashrate used by the Bitcoin (BTC) network dropped considerably. This in turn caused the BTC network’s....
Bitcoin’s mining difficulty reached a new all-time high at block height 753,984 from 30.97 trillion hashes to 32.05 trillion hashes. After two difficulty increases during the past month, the network’s mining difficulty jumped another 3.45% higher on September 13.
Bitcoin’s Difficulty Reaches 32 Trillion
The leading cryptocurrency by market capitalization, bitcoin (BTC), is now a lot more difficult to mine. In fact, on Tuesday, September 13, 2022, the network difficulty tapped an all-time high at 32.05 trillion. Roughly two weeks or 2,016....
Bitcoin’s mining difficulty reached a lifetime high on April 27, at block height 733,824, after jumping 5.56% higher than two weeks ago. The difficulty jump further indicates that Bitcoin’s difficulty is also nearing 30 trillion, as the change on Wednesday shows the current difficulty is 29.79 trillion. It Is Now the Most Difficult Time in History to Mine Bitcoin After the Last Difficulty Increase On Wednesday, April 27, 2022, after block 733,824 was mined, it is now the most difficult time in history to mine bitcoin (BTC). Currently, and for the next two weeks,....
On August 18, 2022, Bitcoin’s mining difficulty increased again after the 1.74% rise two weeks ago on August 4. At block height 749,952 at 7:07 a.m. (EST) the network’s mining difficulty rose by 0.63% from 28.17 trillion to 28.35 trillion Thursday morning.
Bitcoin Network Records Second Consecutive Difficulty Increase Since August 4
Finding a bitcoin (BTC) block is a touch more difficult today than it was during the last two weeks as the difficulty adjustment algorithm (DAA) increased by 0.63%. The increase is the second consecutive increase after the DAA jumped by....
Bitcoin miners caught a small break late Sunday evening (ET) after the network’s mining difficulty dropped 0.20% lower than the difficulty rating two weeks prior. The drop is the first mining difficulty decrease in four weeks, as the metric changed from 36.84 trillion to 36.76 trillion.
Bitcoin Miners Catch a Miniscule Break as the Network’s Difficulty Shrinks by 0.20%
Bitcoin’s mining difficulty is still extremely high in comparison to the height it was in mid-August 2022. For instance, on Aug. 17, 2022, just before the year’s third largest....