April 25, 2024

Bitcoin mining difficulty rises after fall in May

Bitcoin mining difficulty rises after fall in May

On June 8, as a result of another recalculation, the difficulty of mining the first cryptocurrency increased by 1.29% - to 30.28 T.The indicator remains below the historical maximum reached in May 2022.

Bitcoin mining difficulty rises after fall in May

Bitcoin mining difficulty rises after fall in May

Data: BTC.com.

The BTC.com service predicts the indicator will stabilize at about the current level following the next recalculation.

On May 25, the figure fell by 4.33% to 29.9 T. The reduction was the largest since July 2021.

According to Glassnode, the first cryptocurrency’s smoothed 7-day moving average network hashrate is close to 212 EH/s. Over the past year, the value has grown by almost 50%.

Bitcoin mining difficulty rises after fall in May

Bitcoin mining difficulty rises after fall in May

Data: Glassnode.

Let us remind you that in May 2022, the income of Bitcoin miners amounted to $906 million - the figure decreased by 22% compared to the previous month.