{"id":70375,"date":"2022-11-21T14:12:17","date_gmt":"2022-11-21T12:12:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=70375"},"modified":"2025-09-08T01:45:31","modified_gmt":"2025-09-07T22:45:31","slug":"mining-difficulty-hits-a-new-high","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/mining-difficulty-hits-a-new-high\/","title":{"rendered":"Mining difficulty hits a new high"},"content":{"rendered":"<p>As a result of yet another recalculation, the mining difficulty of the first cryptocurrency rose by 0.51%. The metric offset the previous <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-mining-difficulty-remains-near-record-high\">a slight retracement<\/a> and reached a new high at 36.95 T.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/oVT1khE0k3bslICAGFHTpSTJ5d8XTcR5dRS2zcHfCvpOtmBW2nf7qW86FYl6lRBOL085TyhFErWetWJW64bDmQ6_G_y06M_eY7WKafE6fRNuO8YJ134urf8ANiQNQ8e4Af3asfaxNNy7eKsGqCqbqKGt9VsornmYedN7GuSnWXZwcoCq7zmskvQiAti2bQ\" alt=\"Mining difficulty hits a new high\"\/><figcaption>Data: <a href=\"https:\/\/explorer.btc.com\/btc\/insights-difficulty\">BTC.com<\/a>.<\/figcaption><\/figure>\n<p>Average <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-hashrate-and-mining-difficulty-in-cryptocurrencies\">hashrate<\/a> over roughly six weeks has remained steadily above the level of 260 EH\/s.<\/p>\n<p>According to <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=&#038;ema=0&#038;m=mining.HashRateMean&#038;mAvg=7&#038;mMedian=0&#038;s=1643904671&#038;u=1659629471&#038;zoom=182\">Glassnode<\/a>, the network&#8217;s hashing power (7-day smoothed moving average) was recorded on November 1 \u2014 272.4 EH\/s. On November 12 the metric approached the maximum, surpassing 272 EH\/s.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/sifR9x8DA740S9AyLi3fU1cfZ0G_1UOj_QPu8G44tjVr86CllR7tE7LkDLWrxYiUMgt5I5gY-IA3DUWJhoV8yFymzlK1m7K4zZ6LSOE7YKmn5Y_yR73GNfPvLyNUIJigVxgsFv7meXMpYKGUogzCR8rYuOS9dOtuVBja9FYbL7F7XUuTruMT4VVrTkpPKg\" alt=\"Mining difficulty hits a new high\"\/><figcaption>Data: <a href=\"https:\/\/explorer.btc.com\/btc\/insights-pools\">BTC.com<\/a>.<\/figcaption><\/figure>\n<p>In terms of mining pools, leadership by Bitcoin&#8217;s hashrate share is firmly held by Foundry USA (26.73%). On the second and third places are AntPool (17.51%) and Binance Pool (14.98%).<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/M_CZHRCa9rRZhvKitTlV5AIZc3_Kf2JMpyQCR_J-uoBprD48rjRTGjRPA1_Ij4veEL74mAT5jAzz_7CTjlXmw2Atz8Fs7DtnymzyVAbdYowsyr0wcCHdCqaJEUAk9n6jrvYexA4gEgq4EyjmPnATH5IjvPOwwMzkdq55u-RikpKN4YO4nElU2FR-RsckZQ\" alt=\"Mining difficulty hits a new high\"\/><figcaption>Data: <a href=\"https:\/\/explorer.btc.com\/btc\/insights-pools\">BTC.com<\/a>.<\/figcaption><\/figure>\n<p>In June, Arcane Research analysts noted that miners&#8217; <a href=\"https:\/\/u1f987.com\/en\/news\/arcane-research-bitcoin-mining-profitability-falls-to-2020-levels\">fell by 80%<\/a> compared with the November 2021 peak \u2014 to levels two years ago. Revenue was weighed by price stagnation, higher electricity tariffs, and the ongoing rise in difficulty.<\/p>\n<p>In the same month, publicly traded industry companies <a href=\"https:\/\/u1f987.com\/en\/news\/public-miners-liquidated-a-quarter-of-their-bitcoin-reserves-in-june\">for the first time sold more cryptocurrency<\/a> than they mined. In July <a href=\"https:\/\/u1f987.com\/en\/news\/in-july-public-miners-continued-to-liquidate-bitcoin-reserves\">the trend continued<\/a>, its <a href=\"https:\/\/u1f987.com\/en\/news\/report-bitcoin-miners-halt-liquidation-of-cryptocurrency-reserves\">turnaround<\/a> occurred in August.<\/p>\n<p>In October, Arcane Research analysts estimated the miners&#8217; <a href=\"https:\/\/u1f987.com\/en\/news\/analysts-peg-miners-pain-threshold-at-18300\">\u00abpain threshold\u00bb<\/a> at $18,300 per BTC. At the time of writing, digital gold is trading at around $16,090 (<a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>).<\/p>\n<p>Glassnode noted that the aggregate balance of Bitcoin miners hit a 10-month low.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?21\" data-telegram-post=\"forklog\/28594\" data-width=\"100%\"><\/script><\/p>\n<p>Hashprice (the daily mining revenue per unit of computing power) is near $56 per PH\/s. At the start of the year, the figure was $247.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/Bq693QVajyNnklBKt36cpOXstXOyn4iqX8ndtaNIRBoQCCpa-wJ-_8WsyO9OcPMLISIfYYWc_JTVh6En1gC67cda8M2En6aVCHhhKI33qsyCd78m0Y2cvyLq3eHvSVefMwzHDlZnj1len9TZLMfrrkhVwByMbSrqIqP6p7kAsIcaxKl9RtWpwjOp3HXBJg\" alt=\"Mining difficulty hits a new high\"\/><figcaption>Data: <a href=\"https:\/\/data.hashrateindex.com\/network-data\/btc\">Hashrate Index<\/a>.<\/figcaption><\/figure>\n<p>In September, the provider of mining infrastructure Compute North filed for bankruptcy.<\/p>\n<p>In October, Nasdaq-listed Core Scientific warned of insolvency. Argo Blockchain, listed on the stock exchange, reported risks of shortening or halting mining operations due to lack of funding.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As a result of another recalculation, the mining difficulty of the first cryptocurrency rose by 0.51%. The metric offset the previous minor pullback, and reaching a new high of 36.95 T.<\/p>\n","protected":false},"author":1,"featured_media":70376,"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-70375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70375","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=70375"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70375\/revisions"}],"predecessor-version":[{"id":70377,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70375\/revisions\/70377"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/70376"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=70375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=70375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=70375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}