Bitcoin mining difficulty sets another record

At the latest adjustment, Bitcoin’s mining difficulty rose 0.61%, reaching a record 110.45 T.

The average hashrate over the period since the previous change was 804.05 EH/s.

According to Glassnode, on 2 January the smoothed seven-day moving average reached a high of 818.7 EH/s. It then fell to 763.6 EH/s.

According to Hashrate Index, over the past 24 hours the hashprice fell 1.8% — from $54.8 per PH per day to $53.8.

According to The Block, as of 12 January the smoothed seven-day moving average of daily miner revenue was $43.3 million, close to the lows since November 2024.

Earlier, Fidelity said there was no threat to bitcoin mining despite a trend of falling transaction revenues.

In October, a researcher under the pseudonym Duo Nine warned of a security threat to the first cryptocurrency’s network, pointing to the siphoning of bitcoin liquidity into DeFi protocols, exchange-traded products and custodial services.

ForkLog’s editorial team summed up the mining industry in 2024 in a special report.