Bitcoin mining difficulty hits a new high

As a result of the latest adjustment, mining difficulty of the first cryptocurrency reached a record high of 37.59 T, rising by 10.26%.

The indicator posted a double-digit gain for the first time since October, as it moved toward the previous high recorded in November.

Over roughly a two-week period between adjustments, the average hash rate stood at 269 EH/s. As a result, the interval between blocks shortened to 9 minutes.

Against the backdrop of Bitcoin’s price recovering toward the $21,000 level, hashprice rose to around $0.078 per TH per day. The rise in difficulty pushed the metric down by roughly 10%.

In an exclusive ForkLog feature, what happened in the mining industry in 2022 and how its participants weathered the bear market are explored by ForkLog.

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