{"id":17996,"date":"2024-10-23T10:02:22","date_gmt":"2024-10-23T07:02:22","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-mining-difficulty-reaches-new-peak-4\/"},"modified":"2024-10-23T10:02:22","modified_gmt":"2024-10-23T07:02:22","slug":"bitcoin-mining-difficulty-reaches-new-peak-4","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-mining-difficulty-reaches-new-peak-4\/","title":{"rendered":"Bitcoin Mining Difficulty Reaches New Peak"},"content":{"rendered":"

Following the latest adjustment, the difficulty of mining the leading cryptocurrency has risen by 3.94%, reaching a record high of 95.67 T.<\/p>\n

\"Difficulty-BitcoinBTC-CloverPool-formerly-BTC.com-The-worlds-leading-multi-currency-mining-pool-and-on-chain-data-service-provider-Google-Chrome\"
Source: CloverPool<\/a>.<\/figcaption><\/figure>\n

The average hash rate since the previous adjustment was 688.3 EH\/s, with the interval between blocks nearly matching the algorithm’s set 10 minutes.<\/p>\n

According to Glassnode<\/a>, on October 21, the network’s computational power, smoothed by a 7-day moving average, peaked at 723.4 EH\/s before adjusting to 713 EH\/s.<\/p>\n

\"glassnode-studio_btc-mean-hash-rate-7d-moving-average-5\"
Source: Glassnode.<\/figcaption><\/figure>\n

Data from Hashrate Index<\/a> indicates that over the past 24 hours, the hash price<\/span> fell by approximately 4% \u2014 from $48.5 per PH per day to $46.6. With Bitcoin prices and the share of fees in revenue remaining relatively stable, the change in difficulty was the sole pressure on mining profitability.<\/p>\n

\"Untitled-1-25\"
Source: Hashrate Index.<\/figcaption><\/figure>\n

According to The Block<\/a>, the 7-day moving average of daily miner revenue rose to approximately $33.5 million on October 21 amid a Bitcoin rally. However, network fees accounted for less than 10% of this total, amounting to around $2 million.<\/p>\n

\"Bitcoin-Miner-Revenue-Daily-7DMA-Google-Chrome-1\"
Source: The Block.<\/figcaption><\/figure>\n

Earlier in October, the hash rate of 14 publicly listed mining companies in the US reached a record 28.9% of the total.<\/p>\n","protected":false},"excerpt":{"rendered":"

Following the latest adjustment, the difficulty of mining the leading cryptocurrency has risen by 3.94%, reaching a record high of 95.67 T. Source: CloverPool. The average hash rate since the previous adjustment was 688.3 EH\/s, with the interval between blocks nearly matching the algorithm’s set 10 minutes. According to Glassnode, on October 21, the network’s […]<\/p>\n","protected":false},"author":1,"featured_media":17995,"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-17996","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":"11","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17996","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=17996"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17995"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}