{"id":20658,"date":"2025-01-27T12:37:10","date_gmt":"2025-01-27T10:37:10","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-mining-difficulty-retreats-from-historic-high\/"},"modified":"2025-01-27T12:37:10","modified_gmt":"2025-01-27T10:37:10","slug":"bitcoin-mining-difficulty-retreats-from-historic-high","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-mining-difficulty-retreats-from-historic-high\/","title":{"rendered":"Bitcoin Mining Difficulty Retreats from Historic High"},"content":{"rendered":"

Following the latest recalculation, the difficulty of mining the leading cryptocurrency has decreased by 2.12%. The metric adjusted to 108.11 T from its previously reached peak<\/a>.<\/p>\n

\"Difficulty-BitcoinBTC-CloverPool-formerly-BTC.com-The-worlds-leading-multi-currency-mining-pool-and-on-chain-data-service-provider-Google-Chrome-2\"
Source: CloverPool<\/a>.<\/figcaption><\/figure>\n

This marks the first decline in the metric since September 2024<\/a>.<\/p>\n

According to Glassnode<\/a>, on January 2, the hash rate (smoothed by a seven-day moving average) reached a peak of 818.7 EH\/s. It subsequently adjusted to 766 EH\/s.<\/p>\n

\"glassnode-studio_mean-hash-rate-2-1\"
Source: Glassnode.<\/figcaption><\/figure>\n

Data from Hashrate Index<\/a> indicates that over the past 24 hours, the hashprice<\/span> fell by approximately 3.8% \u2014 from $60.3 per PH\/s per day to $58.<\/p>\n

\"Untitled-1-40\"
Source: Hashrate Index.<\/figcaption><\/figure>\n

The primary driver of the decline in mining profitability was the drop in Bitcoin’s price below $100,000.<\/p>\n

Throughout January, miners’ daily revenue remained in the range of ~$42-49 million, according to The Block<\/a>. This figure is approximately 1.5 times higher than the values seen in autumn 2024, yet it falls short of the levels reached before the April halving.<\/p>\n

\"Bitcoin-Miner-Revenue-Daily-7DMA-Google-Chrome-2\"
Chart of the smoothed seven-day moving average of daily Bitcoin miner revenue. Source: The Block.<\/figcaption><\/figure>\n

Analysts at Fidelity have suggested that the trend of declining transaction revenues for miners could become long-term, they posited<\/a>. However, they believe this does not pose a threat to blockchain security.<\/p>\n","protected":false},"excerpt":{"rendered":"

Following the latest recalculation, the difficulty of mining the leading cryptocurrency has decreased by 2.12%. The metric adjusted to 108.11 T from its previously reached peak. Source: CloverPool. This marks the first decline in the metric since September 2024. According to Glassnode, on January 2, the hash rate (smoothed by a seven-day moving average) reached […]<\/p>\n","protected":false},"author":1,"featured_media":20657,"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-20658","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":"32","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20658","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=20658"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20658\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/20657"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=20658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=20658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=20658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}