Bitcoin’s Mining Difficulty Rises for the Second Time in a Row — It’s Now 0.63% Harder to Find a BTC Block

On August 18, 2022, Bitcoin’s mining trouble accrued again aft the 1.74% emergence 2 weeks agone connected August 4. At artifact tallness 749,952 astatine 7:07 a.m. (EST) the network’s mining trouble roseate by 0.63% from 28.17 trillion to 28.35 trillion Thursday morning.

Bitcoin Network Records Second Consecutive Difficulty Increase Since August 4

Finding a bitcoin (BTC) artifact is simply a interaction much hard contiguous than it was during the past 2 weeks arsenic the trouble accommodation algorithm (DAA) accrued by 0.63%. The summation is the 2nd consecutive summation aft the DAA jumped by 1.74% 2 weeks prior, astatine artifact tallness 747,936.

The 2 increases bespeak that it is presently 2.37% harder to find a BTC artifact than it was anterior to August 4, backmost erstwhile the trouble parameter was astatine 27.69 trillion. BTC’s hashrate has been moving little successful presumption of exahash dedicated to the web aft reaching an all-time precocious connected June 08, 2022, astatine artifact tallness 739,928.

At that time, the web recorded a precocious of 292.02 exahash per 2nd (EH/s) and today, the hashrate is coasting on astatine 182.40 EH/s. Block 749,952, the artifact that changed the DAA this week, was discovered by Foundry USA and it contained 2,648 transactions and 0.1692 BTC successful fees connected apical of the 6.25 BTC artifact subsidy.

Foundry is the apical mining excavation during the past 3 days, arsenic it commands 46.81 EH/s oregon 23.70% of the network’s hashrate. Out of 422 BTC blocks recovered successful the past 3 days, Foundry discovered 100 blocks. The second-largest mining excavation contiguous is Antpool with 34.17 EH/s oregon 17.3% of the network’s hashpower.

Bitmain’s Antpool has recovered a full of 73 blocks retired of the 422 discovered. There are 11 known mining pools contiguous dedicating SHA256 hash toward the BTC chain, and 1.9% of the hash is operated by chartless oregon stealth miners.

Out of the 422 blocks recovered successful 72 hours, chartless hash discovered 8 blocks during that clip frame. With the trouble rises and the little BTC fiat values, determination are less bitcoin mining pools mining BTC this week than determination were a fewer months ago.

The astir profitable bitcoin mining rig contiguous is Bitmain’s Antminer S19 XP with 140 terahash per 2nd (TH/s), and by paying $0.12 per kilowatt hr (kWh), the S19 XP gets an estimated $6.21 per time successful bitcoin profit.

Using the existent 28.35 trillion difficulty, today’s BTC speech rates, and $0.12 per kWh successful electrical costs, a Bitmain S19 Pro+ Hydro with 198 TH/s gets an estimated $5.36 per time successful profit. Microbt’s Whatsminer M50S and the Whatsminer M50 tin get an estimated $2.59 to $3.95 a time successful BTC profit.

What bash you deliberation astir the Bitcoin network’s trouble alteration connected Thursday? Let america cognize what you deliberation astir this taxable successful the comments conception below.