Bitcoin Mining Difficulty Decreases by Nearly 4%

The latest recalibration has resulted in a 3.9% decrease in the mining difficulty of the leading cryptocurrency, bringing the figure down to 70.3 T.

The average hash rate since the previous adjustment was 484.17 EH/s, with the interval between blocks being nearly 10.5 minutes.

According to Glassnode, on January 20, the smoothed 7-day moving average reached 469 EH/s. At the time of writing, it stands at 471 EH/s.

Data from Hashrate Index indicates that the hash price is $80.4 per PH.

CoinShares assessed the prospects for Bitcoin miners post-halving. Analysts believe that only Bitfarms, Iris, CleanSpark, TeraWulf, and Cormint will be able to continue operating profitably.

In January, Bitcoin’s hash rate dropped by 33% over a few days due to cold weather in Texas, which led to local miners being disconnected from the power grid.