Bitcoin mining difficulty rose by 4.5%

Following the latest adjustment, the difficulty of mining the first cryptocurrency rose by 4.54%, to 18.42 T.

Two weeks earlier, mining difficulty rose by 13.24%. By the end of July, the metric had increased for the first time in two months — after peaking in May it had been falling steadily.

Bitcoin’s hashrate is inextricably linked to its network hashrate, which has risen steadily over the past month. The average daily hashrate reached 146 EH/s, below the May peak of 180 EH/s.

According to Glassnode analysts, daily miner revenues returned to levels typical for July 2019, at $380,000 per EH.

Last week, amid Bitcoin’s rise above $50,000, this category of market participants sold a total of 2,900 BTC.

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