{"id":19560,"date":"2024-12-16T12:04:42","date_gmt":"2024-12-16T10:04:42","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-mining-difficulty-reaches-new-high-above-108-t\/"},"modified":"2024-12-16T12:04:42","modified_gmt":"2024-12-16T10:04:42","slug":"bitcoin-mining-difficulty-reaches-new-high-above-108-t","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-mining-difficulty-reaches-new-high-above-108-t\/","title":{"rendered":"Bitcoin Mining Difficulty Reaches New High Above 108 T"},"content":{"rendered":"

Following the latest adjustment, the difficulty of mining the leading cryptocurrency increased by 4.43%, reaching a record 108.52 T.<\/p>\n

\"Difficulty-BitcoinBTC-CloverPool-formerly-BTC.com-The-worlds-leading-multi-currency-mining-pool-and-on-chain-data-service-provider-Google-Chrome-1\"
Source: CloverPool<\/a>.<\/figcaption><\/figure>\n

The average hash rate over the past two weeks was 772.2 EH\/s. The interval between blocks increased to over 11 minutes, indicating a potential reduction in difficulty at the next adjustment. <\/p>\n

According to Glassnode<\/a>, the smoothed 7-day moving average of the network’s computational power reached a peak of 801.1 EH\/s on December 14. At the time of writing, it had retreated to 796 EH\/s.<\/p>\n

\"glassnode-studio_mean-hash-rate\"
Source: Glassnode.<\/figcaption><\/figure>\n

Data from Hashrate Index<\/a> shows that the hash price<\/span> recovered to $64.5 per PH per day as Bitcoin reached a ATH<\/span> above $106,000. The increase in difficulty and a slight correction in the cryptocurrency’s price pushed the figure down to $62.3.<\/p>\n

\"Hashprice-Google-Chrome-1\"
Source: Hashrate Index.<\/figcaption><\/figure>\n

In November, miners’ total revenue amounted to $1.21 billion, with fees accounting for just $38.7 million or 3.2% of the total (The Block<\/a>). For comparison, revenue in March\u2014the last month before the halving\u2014reached $2.1 billion with network fees totaling $85.8 million.<\/p>\n

Earlier in November, analysts at JPMorgan noted a 29% increase in Bitcoin mining profitability.<\/p>\n","protected":false},"excerpt":{"rendered":"

Following the latest adjustment, the difficulty of mining the leading cryptocurrency increased by 4.43%, reaching a record 108.52 T. Source: CloverPool. The average hash rate over the past two weeks was 772.2 EH\/s. The interval between blocks increased to over 11 minutes, indicating a potential reduction in difficulty at the next adjustment. According to Glassnode, […]<\/p>\n","protected":false},"author":1,"featured_media":19559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1279],"class_list":["post-19560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-hashrate-2"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19560"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19560\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19559"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}