Mining difficulty sets new high after nearly 5% growth

by in Cryptocurrency News

Mining

As a result of the next recalculation, the complexity of bitcoin mining increased by 4.78% and reached a new all-time high at around 26.97 trillion hashes (T).

According to the algorithm, the difficulty is recalculated every 2016 block (approximately two weeks). For the first time in this period, the average hash rate was above 200 EH/s.

According to Glassnode, the cumulative computing power of the network of the first cryptocurrency (smoothed by a 7-day moving average) is a record 214.7 EH/s.

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The indicator returned to the values ​​achieved in May 2021 - before the start of the persecution of mining in China - only in January 2022. At the same time, the May record for the first time surpassed the difficulty, reaching 26.64 tons.

In terms of the share in the total bitcoin hashrate, the American pool Foundry USA is in the lead - 17.13%. The top three are F2Pool and FntPool with 15.45% and 14.61% respectively.