{"id":64765,"date":"2022-07-22T13:31:43","date_gmt":"2022-07-22T10:31:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=64765"},"modified":"2025-09-06T16:13:22","modified_gmt":"2025-09-06T13:13:22","slug":"bitcoin-mining-difficulty-falls-by-a-record-5-since-the-start-of-the-year","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-mining-difficulty-falls-by-a-record-5-since-the-start-of-the-year\/","title":{"rendered":"Bitcoin mining difficulty falls by a record 5% since the start of the year"},"content":{"rendered":"

As a result of the latest adjustment mining difficulty<\/a> for the first cryptocurrency fell by 5.01% \u2014 to 27.69 T. That marked the largest reduction in the indicator since the start of the year.<\/p>\n

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

The last time such a large drop in difficulty was recorded in July 2021 amid the outflow of miners from China<\/a>.<\/p>\n

Average hash rate over roughly a two-week period since the previous adjustment<\/a> stood at 198.15 EH\/s. The network’s computational power has been declining since May.<\/p>\n

As of July 21, the metric (a smoothed 7-day moving average) stood around 196 EH\/s, according to Glassnode<\/a>. The service notes that the hash rate reached its maximum on June 11 \u2014 231 EH\/s.<\/p>\n

\\\"Bitcoin
Source: Glassnode.<\/figcaption><\/figure>\n

In June, Arcane Research analysts noted that mining profitability fell to 2020 levels<\/a>. The rise in hash rate and difficulty could exert further negative pressure on miners’ financial performance, experts said at the time.<\/p>\n

In June, public mining companies sold a total of 14,600 BTC<\/a>, representing 23% of their aggregate reserves in the first cryptocurrency.<\/p>\n

Prices for Bitcoin miners, adjusted for the hash rate generated, also fell to 2020 levels<\/a>. Yet some companies seized the opportunity, notably CleanSpark, which bought around 3,000 devices at exclusively favourable prices<\/a>.<\/p>\n

The Bitcoin Mining Council notes that mining efficiency rose by 46%<\/a> over the year. The hash rate over the period increased by 137%, and energy consumption by 63%.<\/p>\n

Follow ForkLog’s Bitcoin news on our Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

Following the latest adjustment, mining difficulty for the first cryptocurrency fell 5.01% to 27.69 T. This marked the largest reduction in the indicator since the start of the year.<\/p>\n","protected":false},"author":1,"featured_media":64766,"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-64765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64765","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=64765"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64765\/revisions"}],"predecessor-version":[{"id":64767,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64765\/revisions\/64767"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/64766"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=64765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=64765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=64765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}