#bitcoin difficulty

Bitcoin’s mining difficulty has recently climbed to unprecedented levels, a key indicator that some analysts interpret as a sign of miner capitulation. This event could potentially precede a market bottom for Bitcoin, as less efficient miners exit the network.

On May 18, 2023, at block height 790,272, Bitcoin’s difficulty reached an all-time high after rising 3.22% on Thursday. The network’s difficulty is now at an impressive 49.55 trillion, or 0.90% away from 50 trillion hashes, making it the most difficult it has ever been to discover a block reward. Bitcoin’s Difficulty Rises to Uncharted Territory, Straining Miners This year, Bitcoin once again…

Bitcoin Mining Hashrate Drops to New Low, as Miners Face Crypto Winter

The Bitcoin mining hash rate declined by over 26% in the last 30 days as miners grapple with falling prices across the board. According to data on Coinwarz, Bitcoin’s hash rate was as high as 292.02 EH/s on June 8. That figure dropped to as low as 178.44 EH/s on July 9 before recovering to the current 241.07 EH/s. Hashrate is the computational power required to mine and process transactions on…

Bitcoin’s Hashrate Recoups Some Loss, 2021’s Largest Mining Difficulty Drop Expected Next Week

On Saturday, Bitcoin’s SHA256 hashrate managed to climb back above the 100 exahash per second region after it slid to a low of 91 EH/s three days ago. Meanwhile, in five days the network’s mining difficulty change is approaching and it could see the difficulty drop over 20%. Bitcoin Hashrate Climbs Back Above 100 EH/s, Difficulty Could Drop More Than 20% Next Week Statistics show that bitcoin…

2021’s Largest Epoch Drop: Bitcoin Network’s Mining Difficulty Dips Over 12%, Hashrate Nears 200 Exahash

Bitcoin’s mining difficulty has seen a massive drop this week, as the metric slid 12.6% and was the largest difficulty drop in 2021. The mining difficulty decline follows the recent electrical outages in China which had affected the network’s hashrate to some degree. Following the difficulty drop, Bitcoin’s hashrate is climbing northbound again nearing the 200 exahash per second zone. Bitcoin’s…

Bitcoin Mining Difficulty Lowered For the First Time in 2021 Amid Chinese Crackdown on Crypto Mining

Bitcoin mining difficulty has been lowered by 1.27% to 21.45 T for the first time in 2021 amid the Chinese crackdown on crypto mining farms in inner Mongolian regions. The Chinese province has drafted a bill to shut down all crypto mining operations and other high energy-consuming industrial activities regions as it failed to meet the carbon emission goals set by the government. Mongolia is…