Bitcoin Mining Difficulty Hits All-time High
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Following the recent recalculation, the mining difficulty of the leading cryptocurrency has increased by 6.47%, reaching a record high of 61.03 T.
The average hashrate in the period leading up to this change was 465.6 EH/s, resulting in an interval of less than 9.5 minutes between mined blocks.
According to Glassnode, the smoothed 7-day moving average for hashrate peaked at 469.9 EH/s on October 12, but has since decreased to 440.8 EH/s at the time of writing.
On the other hand, the Hashrate Index indicates a hash price of $59.8 per PH per day, showing a 3.4% decrease from its previous value of $61.9, which was achieved during a sharp increase in the price of Bitcoin to $30,000.
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