Bitcoin Mining Difficulty Surpasses 102 T for the First Time

Following the latest recalibration, the difficulty of mining the leading cryptocurrency increased by 0.63%, reaching a record high of 102.29 T.

The average hash rate during the two-week calculation period rose to 755.3 EH/s.

According to Glassnode, on November 18, the smoothed 7-day moving average of the network’s computational power stood at 738.4 EH/s, peaking at 755.8 EH/s.

According to Hashrate Index, the hashprice increased to $58.6 per PH.

According to The Block, the smoothed 7-day moving average of daily miner revenue rose to approximately $41 million.

In October, the hash rate of 14 US-listed mining companies reached a record 28.9% of the total.

Earlier, Bernstein identified Donald Trump’s promise to protect the cryptocurrency mining sector in the US and globally as a potential driver for Bitcoin’s rise to $200,000 by 2025.