Cryptocurrency

Bitcoin Mining Difficulty Rises 0.63% In Latest Adjustment

Bitcoin Mining Difficulty Rises 0.63% In Latest Adjustment

Bitcoin Mining Difficulty Rises 0.63% In Latest Adjustment

Bitcoin Mining Difficulty Rises 0.63% In Latest Adjustment

According to data from BTC.com, the difficulty of mining bitcoin increased by 0.63% on Thursday, the second consecutive increase.

Fast facts

  • The mining difficulty reading was at 28.35 trillion, as of block height 749,952, the data showed.

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  • The difficulty level, which fluctuates every two weeks, experienced its biggest decline in a year on July 22 during a recent adjustment. On Aug. 5, the reading increased by 1.74%.
  • Bitcoin mining difficulty is a measure of how hard a miner would have to work to verify transactions in a block to add to the blockchain, or “dig out” Bitcoins.

    ALSO, READ Bitcoin Mining Stocks Double In A Month As Production Increased

  • Such mining difficulty adjustments are highly correlated to changes in the mining hashrate — the level of computing power used for mining.
  • According to a seven-day average, Bitcoin’s hashrate was approximately 197.7 exahashes per second on Thursday, a little increase from 195.9 exahashes on August 5, according to data from Blockchain.com.

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  • Bitcoin was trading at US$22,778 as of 10:45 a.m. on Friday in Hong Kong, down 2.86% in the past 24 hours, according to data from CoinMarketCap.


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