Bitcoin Mining Difficulty Reaches an All-time High
Main page News, Mining, Bitcoin

The difficulty of Bitcoin mining has increased by 5.48% as a result of the latest recalculation, updating its maximum at 57.12 T.

The average hashrate for the period since the previous value change has reportedly stood at 423.22 EH/s, whereas the interval between blocks has been 9.5 minutes.

According to Glassnode analysts, the 7-day smoothed moving average peaked at 423.4 EH/s last September 17 and then corrected to 422.2 EH/s.

The Hashrate Index shows that over the past 24 hours the hash price has fallen from $66 per PH per day to $63.

Yesterday we reported the British Columbia Supreme Court has granted Hut 8 Mining final approval to merge with crypto mining company US Bitcoin (USBTC). Under the terms of the agreement, the miners will merge through a share merger. The new structure, called Hut 8 Corp, will be based in the US and will have a hashrate of 5.6 EH/s with access to 825 MW of capacity across six sites.

Read also:
Please describe the error