Bitcoin mining difficulty increased by 9% at once
- August 31, 2022
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As a result of the next recalculation, the difficulty of mining the first cryptocurrency increased by 9.26% to 30.97 T. Data: BTC.com. In the approximately two-week period between
As a result of the next recalculation, the difficulty of mining the first cryptocurrency increased by 9.26% to 30.97 T.
In the approximately two-week period between the most recent metric adjustments, the average network hash rate was 221 EH/s.
According to Glassnode, network computing power (corrected by the seven-day moving average) reached 222.3 EH/s as of August 30. The figure is gradually returning to levels close to the 11 June (231 EH/s) peak.
Foundry USA remains the leader among mining pools in terms of bitcoin hashrate – 23.25. This is followed by Bitmain’s F2Pool (16.42%) and AntPool (13.43%).
The miners’ daily income has hovered around $20 million since mid-June. In total, the first month of summer was $668 million, which is 26% less than in May. In July, revenue fell another 9% to $609.7 million.
In June, major public miners sold a total of about 14,600 BTC, representing 23% of their total holdings in the first cryptocurrency. In July, the trend continued as companies liquidated 5,767.9 BTC for a total of 3,478 BTC mining.
Recall that the mining difficulty peaked on May 11 (31.25 T) on the eve of the crypto market crash provoked by the collapse of Terra.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
