Bitcoin Mining Difficulty Reaches Record 103 Trillion

Following the latest recalibration, the difficulty of mining the leading cryptocurrency increased by 1.59%, setting a new high at 103.9 T.

The average hash rate since the previous adjustment was 832.7 EH/s, with block intervals of less than nine minutes.

According to Glassnode, the smoothed 7-day moving average of network power reached a peak of 781 EH/s on November 21. It then adjusted to 717 EH/s.

Data from Hashrate Index indicates that the hash price stands at $61.4 per PH per day. Mining profitability has rebounded from the lows of August and September amid Bitcoin’s price surge to record levels. However, this figure is nearly half of what was recorded prior to the fourth halving in April.

Earlier in November, analysts from ACRA compiled a ranking of Russian regions with the cheapest mining costs. Most of these regions have been affected by a government ban on cryptocurrency mining during the heating season.