Bitcoin Mining Difficulty Hits a New High
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The difficulty of Bitcoin mining has registered an increase of 7.56% after the last recalculation, reaching an all-time high at around 46.84 T.

The average hash rate stood at 335.23 EH/s. Since the beginning of the year, correlated metrics have grown by more than 30%.

According to Glassnode analysts, the network's 7-day smoothed moving average has reached 339.7 EH/s.

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Since the previous difficulty spike, the hash price has grown by more than 37%, resulting in increased revenue for miners. Apparently, the drivers have been the Bitcoin rally and falling electricity prices in the US.

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Since the beginning of the year, the price of Bitcoin has risen by more than 72%, currently trading at around $28,000.

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