{"id":15352,"date":"2024-07-19T11:31:02","date_gmt":"2024-07-19T08:31:02","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-mining-difficulty-rises-by-3\/"},"modified":"2024-07-19T11:31:02","modified_gmt":"2024-07-19T08:31:02","slug":"bitcoin-mining-difficulty-rises-by-3","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-mining-difficulty-rises-by-3\/","title":{"rendered":"Bitcoin Mining Difficulty Rises by 3%"},"content":{"rendered":"

The latest recalibration has seen the difficulty of mining the leading cryptocurrency increase by 3.21%, reaching 82.05 T. This marks a return to growth following declines over the previous three periods.<\/p>\n

\"Difficulty-BitcoinBTC-Professional-Data-Service-for-Global-Blockchain-Enthusiasts-Google-Chrome\"
Source: BTC.com<\/a>.<\/figcaption><\/figure>\n

The average hash rate since the previous adjustment was 646.59 EH\/s, with the interval between blocks slightly exceeding nine minutes.<\/p>\n

According to Glassnode<\/a>, the smoothed 7-day moving average of computational power increased to approximately 591 EH\/s, moving towards the March peak of 636.6 EH\/s.<\/p>\n

\"glassnode-studio_btc\"
Source: Glassnode.<\/figcaption><\/figure>\n

Earlier reductions in mining difficulty and the recovery of bitcoin prices in July contributed to the rise of hashprice<\/span> to levels above $50 per PH per day (Hashrate Index<\/a>).<\/p>\n

\"Bitcoin-Network-Data-Google-Chrome-7\"
Source: Hashrate Index.<\/figcaption><\/figure>\n

Following the April halving<\/a>, some experts suggested a miner capitulation. James Check from Glassnode did not support these views, although he acknowledged certain challenges faced by cryptocurrency miners.<\/p>\n

Analysts at Bernstein have positively assessed the “Trump factor” for bitcoin miners in light of the upcoming presidential elections in the United States.<\/p>\n","protected":false},"excerpt":{"rendered":"

The latest recalibration has seen the difficulty of mining the leading cryptocurrency increase by 3.21%, reaching 82.05 T. This marks a return to growth following declines over the previous three periods. Source: BTC.com. The average hash rate since the previous adjustment was 646.59 EH\/s, with the interval between blocks slightly exceeding nine minutes. According to […]<\/p>\n","protected":false},"author":1,"featured_media":15351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1279],"class_list":["post-15352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-hashrate-2"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15352"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15352\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15351"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}