The difficulty of Bitcoin mining has increased by 1.72% as a result of the latest recalculation, standing at a high of 48.71 T.
It is worth noting that the average hashrate for the period since the previous value change has stood at 348.6 EH/s. This indicates an increase in the computing power of the miners.
Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world
According to Glassnode, the 7-day smoothed moving average peaked at 356 EH/s last April 18. After that, it corrected to around 347 EH/s.
The increased difficulty of mining, combined with the falling BTC price, is the likely reason for the decline in miners' income.
Total Bitcoin miner revenues increased last month to $757.8 million, up 21% compared to February.