Bitcoin Mining Difficulty Rises by 1.42%

On the night of August 8, following the latest recalibration, the difficulty of mining the first cryptocurrency increased by 1.42% to 129.44 T.

The metric has risen for the third consecutive time, setting a new all-time high. The average interval between blocks reached 14 minutes and 31 seconds.

According to Glassnode, the hash rate (7 DMA) is at record levels around 966 EH/s.

Data from Hashrate Index indicates that the hash price has slightly decreased over the past 24 hours from $58 to $57 per PH/s per day. The mining profitability metric has remained at these levels since mid-July.

At the time of writing, Bitcoin is trading at $116,800, having gained 2.5% over the week, according to CoinGecko.

Earlier, analysts at JPMorgan described July as a successful month for public Bitcoin miners, with their revenue per 1 EH/s reaching the highest level since the last halving.