Bitcoin Mining Difficulty Hits All-Time High, Now Harder Than Ever To Find Block Rewards – Mining Bitcoin News

Following a drop in value during Thursday night’s trading session, Bitcoin’s mining difficulty rose to a new all-time high, hitting 26.64 trillion after a 9.32% gain at block height 719,712. The all-time high (ATH) of mining difficulty is now higher than the ATH reached on May 15, 2021, which means it is now harder than ever to find Bitcoin block rewards.

Bitcoin Mining Difficulty Hits 26.64 Trillion, Hash Rate Trembling After Price Drop and Difficulty Increase

Bitcoin mining difficulty hits all-time high, now harder than ever to find block rewards
Bitcoin mining difficulty on January 21, 2022.

On January 20, 2022, Bitcoin experienced its 357th epoch difficulty adjustment, 9.32% higher than two weeks ago. At the time of writing, Bitcoin (bitcoin) Network mining difficulty reaches ATH siege 26.64 trillion. The last difficulty ATH was recorded 251 days ago on May 15, 2021, when it reached a slightly higher 25 trillion.

At the time, at block height 683,424, Bitcoin’s mining difficulty jumped by 21.53%, making it harder than ever to mine Bitcoin. bitcoin block reward. However, a sharp drop occurred when China banned cryptocurrency mining in the summer of 2021. bitcoin’s mining difficulty saw its largest ever period drop on July 3, 2021, dropping 27.94% at block height 689,472.

The difficulty change that occurred on the evening of Thursday, January 21, 2022 made it the highest value for this parameter in 13 years. As of this writing and for the next two weeks, bitcoinThe mining difficulty is about 26,643,185,256,535.Due to increased difficulty and bitcoinof sudden price drop Last night, global computing power dropped significantly.

At present, the global computing power is just above 160 exahash Per second (EH/s), just before the difficulty increase, the hash rate was sliding at 218 EH/s, 26% higher than today’s hash rate. The largest mining pool in the past three days was Foundry USA, which accounted for 18.1% of the global hashrate. Foundry commands 35.42 EH/s, followed by F2pool (29.65 EH/s) and Poolin (26.77 EH/s).

tags in this story

160 EH/sec, 26 trillion, 26.64 trillion, blocking time, Bitcoin difficulty, Bitcoin Network, Chinese miners, difficulty, Exahash, American Foundry, computing power, computing power, computing power, biggest drop, Biggest drop in history, memory pool, Mining difficulty, mining operations, mining pool, network difficulty, Overall computing power, SHA256 computing power

What do you think of Bitcoin’s mining difficulty reaching ATH this week? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is Head of News for News and a fintech reporter based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 5,000 articles for News on the disruptive protocols emerging today.

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