Bitcoin mining difficulty hits new high with over 5.5% growth
April 28, 2022
0
As a result of the next recalculation, the difficulty of mining the first cryptocurrency increased by 5.56%, reaching a record high of 29.79 T. Data: BTC.com. The percentage
As a result of the next recalculation, the difficulty of mining the first cryptocurrency increased by 5.56%, reaching a record high of 29.79 T.
Data: BTC.com.
The percentage increase was the second largest since the beginning of the year. On January 21, it immediately rose 9.32%.
The average network hash rate to which complexity is associated reached 213 EH/s between recalculations.
According to Glassnode, it surpassed 223 EH/s on April 27 (smoothed 7-day moving average).
Data: Glassnode.
After the crash in the summer of 2021 as a result of the mining ban in China, the hash rate is on a steady upward trend. Since the beginning of August, only four negative fixes have been made in difficulty. Twice the maximum drop was just 1.49%.
In August, the US removed China from the first line of the rating for its share in the bitcoin hashrate. In November, the American Foundry USA became the leader among mining pools.
It continues to dominate with a 17.62% share, according to BTC.com.
Data: BTC.com.
Foundry USA’s clients include a number of publicly traded companies such as Hut 8, Bitfarms, CleanSpark or Bit Digital.
Recall that according to analysts at Arcane Research, the share of bitcoin miners traded on the exchange in the network’s hashrate reaches 19%.
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.