Bitcoin mining difficulty rises by more than 13%

Following the latest adjustment, Bitcoin mining difficulty rose 13.24% to 17.62 T.

In mid-August, Bitcoin’s mining difficulty rose by 7.31%. In late July the metric rose for the first time in two months—after peaking in May it had subsequently declined.

Bitcoin’s mining difficulty is inextricably linked to its network hash rate, which, judging by the smoothed 7-day moving average, has been rising steadily over the past month. The metric reached 112 EH/s, well below the May peak of 180 EH/s.

In Q2 2021, BIT Mining Limited revenue rose 147-fold, and Riot Blockchain over the same period increased Bitcoin mining by 38%.

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