Share this article
Bitcoin Mining Difficulty Edges to All-Time High
The bump in mining difficulty comes as hashrate remains strong, despite bitcoin’s price edging downward.
By Sam Reynolds
Updated May 11, 2023, 6:47 p.m. Published Sep 14, 2022, 5:17 a.m. 1 min read
On-chain data shows that bitcoin’s mining difficulty has crossed an all-time high with its latest jump, the second in two weeks.
- Bitcoin’s mining difficulty increased by 3.45% at block height 753,984 to 32.05 trillion hashes.
- This is the second significant recent increase. On Aug. 31, the difficulty jumped by 9.26%.
- Given bitcoin’s compressed value, with recent declines on high CPI numbers, and a possible bottoming out as low as $10,000, profitability is narrowing for miners.
- Despite concerns about profitability, the average hash rate remains above 200 exahash per second at 229.39 EH/s, close to the all-time high of 231 EH/s.
- On-chain data shows that Digital Currency Group-owned Foundry USA is currently contributing 28% of the total global hash rate followed by AntPool at 16.15%.
- CoinDesk is an independent subsidiary of Digital Currency Group, the crypto-focused conglomerate that also owns Grayscale and TradeBlock.
More For You
Chun Wang, the first Mission Commander for SpaceX’s first commercial spaceflight to Mars, is crucial for the future transport of millions of tons of cargo and a million citizens to the Red Planet.
What to know:
- ChunWang, a Chinese-born Maltese-Kittitian crypto investor and co-founder of F2Pool, has been named mission commander for SpaceX’s first commercial human spaceflight interplanetary mission to Mars.
- The two-year mission, targeted for launch in 2026, will include a circumlunar flyby, a high-altitude Mars flyby and a complex return trajectory, testing SpaceX’s new...
Top Stories
