{"id":16872,"date":"2024-09-11T13:05:15","date_gmt":"2024-09-11T10:05:15","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-mining-difficulty-reaches-new-peak-3\/"},"modified":"2024-09-11T13:05:15","modified_gmt":"2024-09-11T10:05:15","slug":"bitcoin-mining-difficulty-reaches-new-peak-3","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-mining-difficulty-reaches-new-peak-3\/","title":{"rendered":"Bitcoin Mining Difficulty Reaches New Peak"},"content":{"rendered":"

Following the latest adjustment, the difficulty of mining the leading cryptocurrency increased by 3.58%, setting a new record at 92.67 T.<\/p>\n

\"photo_2024-09-11_09-07-42\"
Data: BTC.com<\/a>.<\/figcaption><\/figure>\n

The average hash rate since the previous adjustment was 662.34 EH\/s, with the inter-block interval reduced to 9 minutes and 40 seconds.<\/p>\n

According to Glassnode<\/a>, the smoothed 7-day moving average of the network’s computational power reached a peak of 693.9 EH\/s on September 8, before correcting to 672.3 EH\/s.<\/p>\n

\"glassnode-studio_btc-mean-hash-rate-7d-moving-average-4\"
Data: Glassnode.<\/figcaption><\/figure>\n

Data from Hashrate Index<\/a> indicates that amid the rising mining difficulty, the hash price<\/span> fell from $41 per PH per day to $39 over the past 24 hours.<\/p>\n

\"Hashprice-Google-Chrome\"
Data: Hashrate Index.<\/figcaption><\/figure>\n

In August, the total revenue of the first cryptocurrency’s miners amounted to $827.56 million, the lowest figure since September 2023.<\/p>\n

Before the April halving, CoinShares experts suggested<\/a> that industry participants might offset reduced mining profits by expanding into the AI sector.<\/p>\n

Miners could generate approximately $13.9 billion<\/a> in additional annual revenue if they allocate 20% of their energy capacities to high-performance computing, according to VanEck.<\/p>\n

Analysts at Bernstein believe that the potential of cryptocurrency miners in the AI segment is<\/a> a primary reason for institutional investors’ interest in them.<\/p>\n","protected":false},"excerpt":{"rendered":"

Following the latest adjustment, the difficulty of mining the leading cryptocurrency increased by 3.58%, setting a new record at 92.67 T. Data: BTC.com. The average hash rate since the previous adjustment was 662.34 EH\/s, with the inter-block interval reduced to 9 minutes and 40 seconds. According to Glassnode, the smoothed 7-day moving average of the […]<\/p>\n","protected":false},"author":1,"featured_media":16871,"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-16872","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":"28","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16872","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=16872"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16872\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16871"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}