April 25, 2024

Bitcoin mining difficulty increased by 9% at once

Bitcoin mining difficulty increased by 9% at once

As a result of the next recalculation, the difficulty of mining the first cryptocurrency increased by 9.26%, to 30.97 T.

Bitcoin mining difficulty increased by 9% at once

Bitcoin mining difficulty increased by 9% at once

Data: BTC.com.

In the approximately two-week period between the latest metric adjustments, the average network hashrate was 221 EH/s.

According to Glassnode, as of August 30, computingnetwork capacity (smoothed seven-day moving average) reached 222.3 EH/s. The figure is gradually returning to levels near the peak value of June 11 (231 EH / s).

Bitcoin mining difficulty increased by 9% at once

Bitcoin mining difficulty increased by 9% at once

Data: Glassnode. 

Foundry USA continues to hold the lead among mining pools in terms of the share of bitcoin hashrate - 23.25%. It is followed by F2Pool (16.42%) and AntPool (13.43%) affiliated with Bitmain.

Bitcoin mining difficulty increased by 9% at once

Bitcoin mining difficulty increased by 9% at once

Data: BTC.com.

Daily income of miners since mid-Junefluctuates around the level of $20 million. In total, for the first month of summer, the figure amounted to $668 million - 26% less than in May. In July, revenue fell another 9% to $609.7 million.

Bitcoin mining difficulty increased by 9% at once

Bitcoin mining difficulty increased by 9% at once

Daily income of miners (average for 7 days). Data: Blockchain.com.

In June, large public miners sold a total ofdifficulty of about 14,600 BTC, which accounted for 23% of their total reserves in the first cryptocurrency. In July, the trend continued as companies liquidated 5,767.9 BTC for a total mining of 3,478 BTC.

How the collapse of the price of bitcoin affected large miners and what will happen next


Recall that the mining difficulty reached its maximum on May 11 (31.25 T), on the eve of the fall of the crypto market, provoked by the collapse of Terra.

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