Bitcoin mining difficulty reaches new all-time high

Mining_Price-min
Mining_Price-min

As a result of the next recalculation, the difficulty of mining the first cryptocurrency increased by an insignificant 0.35%. The indicator peaked at 57.32 T.

Bitcoin mining difficulty has again reached an all-time high.
Data: BTC.com.

The average hashrate for the period since the previous value change was 410.27 EH/s. The interval between blocks is practically 10 minutes provided by the protocol.

According to Glassnode, the smoothed 7-day moving average peaked at 427.15 EH/s on September 20th. After this, it corrected and at the time of writing is at 414.55 EH/s.

Bitcoin mining difficulty has again reached an all-time high.
Data: Glassnode.

According to the Hashrate Index, the hash price is $62.24 per PH/s per day. Compared to the value on the date of the last difficulty recalculation (~$65.5), the metric fell by about 5%.

Bitcoin mining difficulty has again reached an all-time high.
Data: Hashrate Index.

On October 2, as the first cryptocurrency surpassed the $28,000 level, the indicator recorded a record high of $63.75 per PH/s per day for almost two weeks.

Let us recall that in September, JPMorgan experts lowered their estimate of the cost of Bitcoin mining. The basis was the revision of the methodology for the index of electricity consumption in mining by the Cambridge Center for Alternative Finance

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