Bitcoin Mining Difficulty Decreases by 0.97%

Following the latest adjustment, the difficulty of mining the leading cryptocurrency has decreased by 0.97%, bringing the figure to 83.13 T.

The average hashrate since the previous adjustment was 593.99 EH/s, with the interval between blocks being 10 minutes and 7 seconds.

According to Glassnode, the smoothed 7-day moving average reached a peak of 614.9 EH/s on March 24, before correcting to 586.1 EH/s.

Data from Hashrate Index indicates that over the past 24 hours, the hashprice has increased from $108 per PH per day to $110.

By early February, bitcoin miners’ reserves had fallen to levels last seen in July 2021.

In March, Bitfinex experts highlighted the impact of Wall Street finances on the mining of the leading cryptocurrency. Institutional funding of public companies has disadvantaged individual and small-scale miners.