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Bitcoin mining difficulty hit a new all-time high at block height 753,984 from 30.97 trillion hashes to 32.05 trillion hashes. After two difficulty levels in the past month, the network’s mining difficulty jumped another 3.45% higher on September 13th.
The leading cryptocurrency by market capitalization, bitcoin (BTC), is now much harder to mine. In fact, on Tuesday, September 13, 2022, the network difficulty reached an all-time high of 32.05 trillion. About two weeks or 2,016 blocks ago, the difficulty posted the second largest increase of 2022, when it increased by 9.26%.
Two weeks or 2,016 blocks before the last change, the difficulty increased slightly by 0.63%. After the increase today, with a block height of 753,984, it has never been harder to find a bitcoin (BTC) block reward. Furthermore, BTC’s US dollar value fell over 9% on Tuesday afternoon (ET), following the recently published US CPI report.
Despite the price drop and recent difficulty increase, BTC’s hash rate has remained above 200 exahashes per second (EH/s) and at the time of writing is running at 227.07 EH/s. In the last 24 hours, Foundry USA has been the network’s top pool with 26.85% of the global hashrate.
Foundry is followed by F2pool with 15.4% of BTC’s hashpower, 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 these blocks, while F2pool captured 23 blocks.
Currently BTC block time is 9:17 minutes per block and there are 2,011 blocks left to mine until the next difficulty change expected on September 27, 2022. At current block interval rates and realized hash rate today, the network could see a negative 3.7% decline .
What do you think about the recent difficulty change and the difficulty to reach an all-time high on September 13, 2022? Let us know what you think about this topic in the comments section below.
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