{"id":47022,"date":"2021-07-31T15:53:40","date_gmt":"2021-07-31T12:53:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=47022"},"modified":"2025-09-01T19:18:23","modified_gmt":"2025-09-01T16:18:23","slug":"bitcoin-mining-difficulty-rises-for-the-first-time-in-two-months","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-mining-difficulty-rises-for-the-first-time-in-two-months\/","title":{"rendered":"Bitcoin mining difficulty rises for the first time in two months"},"content":{"rendered":"

As a result of another recalculation, Bitcoin mining difficulty rose by 6.03%. The metric reached 14.5 trillion hashes (T).<\/p>\n

\"Bitcoin
Data: BTC.com<\/a><\/figcaption><\/figure>\n

This is the first increase since May 13, when it reached a maximum<\/a> at a level of 25.05 T.<\/p>\n

After that the metric continued to shrink: first having fallen 16%<\/a>, and then a further 5.3%<\/a>. The subsequent drop proved record-breaking \u2014 27.94%<\/a>. Then the difficulty decreased by 4.8%<\/a>.<\/p>\n

The metric correlates with Bitcoin’s hashrate, which began to fall in May<\/a>, after power-supply problems for miners in China’s Sichuan province, one of the world’s leading cryptocurrency mining hubs at the time.<\/p>\n

The computing power of the network of digital gold continued to shrink<\/a>, as Chinese authorities began cracking down on the industry in the country.<\/p>\n

However in July the hashrate began to recover<\/a> amid the return to the network of miners’ equipment that had moved their operations from China to other jurisdictions.<\/p>\n

According to BitinfoCharts<\/a>, at the time of writing the metric stood at 116.45 EH\/s. The service logged a low of 68 EH\/s on June 28.<\/p>\n

\"Bitcoin
Data: BitinfoCharts.<\/figcaption><\/figure>\n

Poolin’s vice-president Alejandro de la Torre noted<\/a> in ForkLog that the era of China’s dominance in mining can be considered over due to the migration of capacity<\/a> to other jurisdictions.<\/p>\n

However, according to the Cambridge Centre for Alternative Finance, the share of miners from China in Bitcoin’s hashrate had fallen below 50%<\/a> as early as March 2021.<\/p>\n

Subscribe to ForkLog\u2019s updates on Facebook<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

As a result of another recalculation, Bitcoin mining difficulty rose by 6.03%. The metric reached 14.5 trillion hashes (T).<\/p>\n","protected":false},"author":1,"featured_media":47023,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137],"class_list":["post-47022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47022","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=47022"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47022\/revisions"}],"predecessor-version":[{"id":47024,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47022\/revisions\/47024"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/47023"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=47022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=47022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=47022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}