Bitcoin’s mining difficulty rose from 30.97 trillion hashes to 32.05 trillion hashes at a new all-time high at block height 753,984. After two difficulty increases over the past month, the network’s mining difficulty increased by 3.45% on 13 September.
Bitcoin Difficulty Reaches 32 Trillion
The leading cryptocurrency by market capitalization, Bitcoin (BTC) is now a lot more difficult for me. In fact, on Tuesday, September 13, 2022, network difficulty tapped to an all-time high at 32.05 trillion. Roughly two weeks, or 2016 block ago, difficulty printed the second biggest increase in 2022 as it increased by 9.26%.
Two weeks or 2016 block before the last change, the difficulty increased slightly by 0.63%. After today’s rise, at block height 753,984, it has never been more difficult to find a bitcoin (BTC) block reward. Moreover, the US Dollar value of BTC is down by over 9% on Tuesday afternoon (ET) following the recently published US CPI report.
BTC’s hash rate remains above the 200 exhash per second (EH/s) threshold and, at the time of writing, is trading at 227.07 EH/s, despite the price drop and the recent rise in difficulty. During the last 24 hours, Foundry USA has been the network’s top pool with 26.85% of the global hashrate.
After foundry, F2pool holds 15.4% of the hashpower of BTC and Binance Pool with 14.77% of the global hashrate. Binance Pool is followed by Antpool (13.42%) and ViaBTC (10.74%) respectively. 149 blocks were mined in the last 24 hours, and Foundry USA discovered 40 of them, while F2pool captured 23.
Currently, the BTC block time is 9:17 minutes per block, and I have 2,011 blocks left until the next difficulty change expected on September 27, 2022. At the current block lag speed and the hash rate realized today, the network could see a negative 3.7% decrease.
What do you think about the recent change in difficulty and difficulty reaching an all-time high on September 13, 2022? Let us know what you think about this topic in the comment section below.
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