Bitcoin Mining Difficulty Has Risen By 3.4%

Bitcoin’s mining difficulty rose roughly 3.4% last week.
Bitcoin Mining Difficulty Has Risen By 3.4%
Bitcoin Mining Difficulty Has Risen By 3.4% 4

The rise was minor compared to the 13% increase earlier this month.

For every 2016 blocks, the mining difficulty is automatically adjusted, which happens around every two weeks. The challenge is ensuring that transactions proceed at a consistent rate regardless of how high or low the network hash rate is at any particular time.

This month, the Bitcoin mining hash rate reached an all-time high of 266 EH/s. As of Sunday, the network hash rate was around 261.35 EH/s.

Bitcoin Mining Difficulty Has Risen By 3.4%
BTC Mining Difficulty on 23/10/2022

According to Coin Metrics data, miners have generated roughly $420 million in revenue thus far this month.

At the time of writing, BTC is trading at $19,367.

Bitcoin Mining Difficulty Has Risen By 3.4%
BTC daily chart. Source: CoinCu

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Bitcoin Mining Difficulty Has Risen By 3.4%

Bitcoin’s mining difficulty rose roughly 3.4% last week.
Bitcoin Mining Difficulty Has Risen By 3.4%
Bitcoin Mining Difficulty Has Risen By 3.4% 8

The rise was minor compared to the 13% increase earlier this month.

For every 2016 blocks, the mining difficulty is automatically adjusted, which happens around every two weeks. The challenge is ensuring that transactions proceed at a consistent rate regardless of how high or low the network hash rate is at any particular time.

This month, the Bitcoin mining hash rate reached an all-time high of 266 EH/s. As of Sunday, the network hash rate was around 261.35 EH/s.

Bitcoin Mining Difficulty Has Risen By 3.4%
BTC Mining Difficulty on 23/10/2022

According to Coin Metrics data, miners have generated roughly $420 million in revenue thus far this month.

At the time of writing, BTC is trading at $19,367.

Bitcoin Mining Difficulty Has Risen By 3.4%
BTC daily chart. Source: CoinCu

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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