{"id":16505,"date":"2024-08-29T11:38:44","date_gmt":"2024-08-29T08:38:44","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-mining-difficulty-rises-nearly-3\/"},"modified":"2024-08-29T11:38:44","modified_gmt":"2024-08-29T08:38:44","slug":"bitcoin-mining-difficulty-rises-nearly-3","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-mining-difficulty-rises-nearly-3\/","title":{"rendered":"Bitcoin Mining Difficulty Rises Nearly 3%"},"content":{"rendered":"

The latest recalibration has seen the difficulty of mining the leading cryptocurrency increase by 2.99%, reaching 89.47 T.<\/p>\n

\"Difficulty-BitcoinBTC-Professional-Data-Service-for-Global-Blockchain-Enthusiasts-Google-Chrome-1\"
Source: BTC.com<\/a><\/figcaption><\/figure>\n

The interval between blocks since the last adjustment has shortened to less than nine minutes, with the average hash rate peaking at 718.28 EH\/s.<\/p>\n

This indicates that Bitcoin miners continue to integrate high-performance equipment of the latest generations into the network.\u00a0<\/p>\n

For instance, IREN (formerly known as Iris Energy) increased its computing power from 10.5 EH\/s<\/a> on August 5 to 15 EH\/s<\/a> at the time of writing. This growth is attributed to the deployment of Bitmain’s Antminers T21 and S21 from previously ordered batches with a hash rate of 17.3 EH\/s. Most installations were delivered between June and August, according to TheMinerMag<\/a>.<\/p>\n

The company has also signed a new contract with the manufacturer to purchase 39,000 units of Antminers S21XP. IREN expects equipment with a combined capacity of 10.5 EH\/s to arrive in October-November.\u00a0\u00a0<\/p>\n

According to Glassnode<\/a>, the 7-day moving average hash rate is 646 EH\/s. The metric has been recovering since mid-August but has yet to reach the late July peak of approximately 670 EH\/s.<\/p>\n

\"glassnode-studio_btc-mean-hash-rate-7d-moving-average-2\"
Source: Glassnode.<\/figcaption><\/figure>\n

Data from Hashrate Index<\/a> shows that the hashprice<\/span> is also recovering after plummeting to early-month lows of around $36 per PH\/s per day. The value has risen to $42.<\/p>\n

\"Untitled-1-23\"
Source: Hashrate Index.<\/figcaption><\/figure>\n

Earlier, CryptoQuant analysts declared the end of miner capitulation, citing the Hash Ribbons indicator.<\/p>\n","protected":false},"excerpt":{"rendered":"

The latest recalibration has seen the difficulty of mining the leading cryptocurrency increase by 2.99%, reaching 89.47 T. Source: BTC.com The interval between blocks since the last adjustment has shortened to less than nine minutes, with the average hash rate peaking at 718.28 EH\/s. This indicates that Bitcoin miners continue to integrate high-performance equipment of […]<\/p>\n","protected":false},"author":1,"featured_media":16504,"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-16505","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":"14","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16505","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=16505"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16504"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}