Bitcoin Mining Difficulty Decreases by 4.6%

Following the latest recalibration, the difficulty of mining the leading cryptocurrency has decreased by 4.6% to 88.4 T.

The average hash rate since the previous adjustment was 740.3 EH/s, with the interval between blocks at eight minutes and 24 seconds.

According to Glassnode, the smoothed 7-day moving average of computational power reached 638.4 EH/s.

After the difficulty update, the hash price surged to $46 per PH per day.

Earlier, JPMorgan suggested a potential slowdown in the growth of Bitcoin’s hash rate.