Bitcoin mining difficulty falls for the first time since July

Bitcoin mining difficulty fell by 2.14% to 31.36 T after another adjustment. The metric showed negative momentum for the first time since July 21, 2022.

The average hashrate over the period between the last adjustments stood at 224 EH/s. According to Glassnode, as of September 27 the aggregate computational power of the Bitcoin blockchain (7-day smoothed moving average) reached 222 EH/s.

In mid-July, the mining difficulty of the first cryptocurrency fell to 27.69 T, marking the largest decline since the start of the year.

Subsequently the metric showed positive momentum. At the end of August the difficulty rose by 9.26% at once, and on 14 September it reached a record high of 31.05 T.

In terms of mining pools, the leadership in hashrate share remains Foundry USA — 26.06%. Behind it in the rankings are AntPool (18.24%) and F2Pool (17.06%).

In September, Arcane Research analysts found that the vast majority of publicly listed mining companies suffered losses due to the crypto winter.

In June, experts noted that profitability from Bitcoin mining had fell to the levels of 2020. Later they concluded that public companies in the industry remain financially resilient, despite adverse market conditions.

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