{"id":16109,"date":"2024-08-15T09:39:13","date_gmt":"2024-08-15T06:39:13","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-mining-difficulty-decreases-by-4-19\/"},"modified":"2024-08-15T09:39:13","modified_gmt":"2024-08-15T06:39:13","slug":"bitcoin-mining-difficulty-decreases-by-4-19","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-mining-difficulty-decreases-by-4-19\/","title":{"rendered":"Bitcoin Mining Difficulty Decreases by 4.19%"},"content":{"rendered":"<p>Following the latest recalibration, the difficulty of mining the leading cryptocurrency has decreased by 4.19%, settling at 86.87 T.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXfDiij7LXxuBpzcCObXcLczj7cjYUltj1Kgqts_C6z__YXJsPxofVN3_NLsijkSaz14xPbwvcOQFIoaE_HafLwJLTEbAIW14rz8T0uM8_1y1mjswUOlpPmjQUfwXuotvJg-hrZ16u5JyUA81SJ7g15MjEV7?key=Uqe4HDhrPRD8v_K03Gl5Vg\" alt=\"Bitcoin mining difficulty decreased by 4.19%\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/explorer.btc.com\/btc\/insights-difficulty\">BTC.com<\/a>.<\/figcaption><\/figure>\n<p>The average hash rate since the previous adjustment was 740.3 EH\/s, with the interval between blocks being eight minutes and 24 seconds.<\/p>\n<p>According to <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=&#038;ema=0&#038;m=mining.HashRateMean&#038;mAvg=7&#038;mMedian=0&#038;s=1659268705&#038;u=1674993505&#038;zoom=182\">Glassnode<\/a>, the smoothed 7-day moving average of computational power reached 622.4 EH\/s.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXfwQR8scwVAG6rZ3OX2cMzx4_fd9TkGSvyHbAnhQrnhH66CJywTMp-VAJrq-bJYHrQGgo31m3zqiI7UrjQgM4KLNmuQX3I0x73uys2sWfhinOT5Iudsn7wBksO4d_0mN5l7qsY6X0gtNT3JAWHG5vN5hTg?key=Uqe4HDhrPRD8v_K03Gl5Vg\" alt=\"Bitcoin mining difficulty decreased by 4.19%\"\/><figcaption class=\"wp-element-caption\">Source: Glassnode.<\/figcaption><\/figure>\n<p>After the difficulty update, the <span data-descr=\"miners' revenue per unit of computational power expended\" class=\"old_tooltip\">hash price<\/span> fell to $43.4 per PH per day (<a href=\"https:\/\/data.hashrateindex.com\/network-data\/btc\">Hashrate Index<\/a>).<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXcDed8eb4FlzoKyP2Fz7h6jSE6Fnxh6JXcw1op7jJ11OXsv1udif5S8PG-ordLRIlNgl_nZldslz_pkxEqiw7JcOoqIPqFf3jf1pbG3NnEWTL4MvxLLZjzhXLE1qDOzfFj9BMuKfIFSU39n-EdUcxi_3c2Q?key=Uqe4HDhrPRD8v_K03Gl5Vg\" alt=\"Bitcoin mining difficulty decreased by 4.19%\"\/><figcaption class=\"wp-element-caption\">Source: Hashrate Index.<\/figcaption><\/figure>\n<p>Amid the decline in Bitcoin&#8217;s price below $50,000 and the drop in hash price to $36 per PH\/s per day, analysts at BlocksBridge Consulting highlighted the critically low profitability of Bitcoin mining.<\/p>\n<p>Back in August, daily revenue for miners of the leading cryptocurrency (smoothed by a 7-day moving average) fell to approximately $25.5 million, marking a new low for 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following the latest recalibration, the difficulty of mining the leading cryptocurrency has decreased by 4.19%, settling at 86.87 T. Source: BTC.com. The average hash rate since the previous adjustment was 740.3 EH\/s, with the interval between blocks being eight minutes and 24 seconds. According to Glassnode, the smoothed 7-day moving average of computational power reached [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16108,"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-16109","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":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16109","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=16109"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16108"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}