Bitcoin mining difficulty jumps 9%

As a result of another recalculation mining difficulty of the first cryptocurrency rose by 9.26%, to 30.97 T.

Over roughly a two-week period between the latest adjustments, the network’s average hash rate stood at 221 EH/s.

According to Glassnode, on 30 August the network’s computational power (smoothed seven-day moving average) reached 222.3 EH/s. The figure is gradually returning toward the peak value from 11 June (231 EH/s).

Foundry USA continues to lead among mining pools by share of hashrate — 23.25%. Behind it in the rankings are F2Pool (16.42%) and AntPool (13.43%), affiliated with Bitmain.

Daily miner revenue (seven-day average) has hovered around $20 million since mid-June. In total for the first month of summer the figure amounted to $668 million — 26% below May. In July revenue fell another 9%, to $609.7 million.

In June, major publicly traded miners sold in total about 14,600 BTC, which comprised 23% of their total reserves in the first cryptocurrency. In July the trend continued — companies liquidated 5,767.9 BTC with a total mined of 3,478 BTC.

Back in May, mining difficulty reached a peak on May 11 (31.25 T), on the eve of the crypto market slump sparked by Terra’s collapse.

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