Bitcoin Mining Difficulty Surpasses 127 Trillion for the First Time

On July 26, following the latest recalculation, Bitcoin’s mining difficulty increased by a mere 1.07%. Yet, this was sufficient to push the metric to a record high of 127.62 trillion.

Amid this change, the network’s hash rate exceeded 1 ZH/s, and the interval between blocks shortened to nearly 9 minutes.

According to Glassnode, the seven-day moving average of the blockchain’s computational power stands at 932.2 EH/s. This figure has yet to recover to the peak of 943.4 EH/s recorded on May 31.

Data from BitcoinMiningStock indicates that public companies account for 37.5% of the total hash rate. Four U.S.-listed firms—MARA, CleanSpark, IREN, and Cango—have already surpassed 50 EH/s in installed computational power. BitFuFu and Riot Platforms are nearing this significant milestone.

Following the difficulty adjustment, the hash price dropped from $59.1 to $58.3 per PH/s per day. During the day, the mining profitability metric rebounded to around $58.7, aided by Bitcoin’s recovery to $117,500 after falling to $115,000 the previous day.

Earlier, on July 12, the network difficulty of the leading cryptocurrency increased by nearly 8%, exerting significant pressure on the mining economy.