Bitcoin Mining Difficulty Reaches a New High
Main page News, Mining, Bitcoin

The difficulty of Bitcoin mining has experienced a 2.35% increase as a result of the latest recalculation, updating the all-time high at around 62.4T.

The average hashrate of the network has reportedly approached 450 EH/s for the first time, whereas the interval between blocks has been less than 9.5 minutes.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

According to Glassnode analysts, the 7-day smoothed moving average peaked at 456.9 EH/s on October 12. After that, it corrected itself and currently stands at 445.4 EH/s.

Hashrate Index shows the hash price is $70.47 per PH/s per day.

The miner Bitmain launched earlier this month the Antminer T21 with a hashrate of 190 TH/s and an energy efficiency of 19 J/T.

Jaran Mellerud, analyst at Hashrate Index and Luxor Technologies, has previously said that by the end of 2023 the hashrate will reach 500 EH/s due to the price and technology race of miners before halving.

Read also:
Please describe the error