Bitcoin Mining Difficulty Reaches New All-Time High

The latest recalibration has seen the difficulty of mining the leading cryptocurrency rise by 1.08%, reaching a record 109.78 T.

The average hash rate since the previous adjustment was 777 EH/s.

According to Glassnode, on November 21, the smoothed seven-day moving average reached a peak of 780.9 EH/s, before declining to 707.6 EH/s.

Data from Hashrate Index indicates that over the past 24 hours, the hashprice fell by 2.5% — from $55.7 per PH per day to $54.3.

According to The Block, as of December 29, the smoothed seven-day moving average of daily miner revenue rose to $44.12 million amid a Bitcoin rally.

Throughout 2024, the stock prices of mining companies diverged from the bullish trend of the leading cryptocurrency’s price.