Wednesday, July 28, 2021
Home Crypto News Market Bitcoin Mining Difficulty Reaches All Time High

Bitcoin Mining Difficulty Reaches All Time High

- Advertisement -

Latest calculation of Bitcoin mining shows that BTC mining difficulty has increased by 5.82% and for the first time in history exceeded 23.14 trillion.



There has not been such a significant increase in BTC mining difficulty since January. But, this is not surprising, since the average hash rate of the Bitcoin network has increased from 156 exahashes second (Eh/s) to 165 Eh/s. That is because mining companies have put into operation approximately 90,000 new, latest generation ASIC devices.

Source: https://btc.com/stats/diff

The demand for mining equipment is not going to fall sooner. In the market, ASIC miners are sold for five times the price of pre-orders. Bitmain Antminer S19 devices on the secondary market can be bought for $10,000. The lack of mining equipment on the market plays into the hands of miners who have already purchased the devices.

student coin ico

In February The Bitcoin price has grown significantly, but mining difficulty was not growing quickly as compared to BTC price. Therefore, profits of miners were extremely high. In March the situation remained the same and the profit of Bitcoin miners exceeded $1.5 billion in March.

- Advertisement -
Ammarahttps://thecryptobasic.com/
I am the editor-in-chief of The Crypto Basic. Love to get involved in cryptocurrencies. I am in crypto since 2014. I like the way blockchain is progression, being adopted by large firms and in most parts of our lives. We are early adopters and followers of blockchain, and time will surely come when our success factor will be blockchain.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

The Graph to use Polygon for its billing system

Singapore, Singapore, 28th July, 2021, Polygon proof-of-stake (PoS) is an Ethereum scaling solution whose ecosystem attracts the brightest developers from all over the world....

Coca-Cola To Launch First-Ever NFT Collectibles

Coca-Cola and Tafi became partners as Tafi is designing virtual wearables for Coca-Cola's first-ever non-fungible token (NFT) collectibles to celebrate International Friendship Day on...

Binance CEO Aims To Make Binance Regulated Worldwide, Also Daily Withdrawal Limit For Binance Unverified Accounts Reduced And Binance Leverage Trading Limit Reduced

Changpeng Zhao, Binance CEO and Founder, stated that Binance will work with local regulators in order to establish Binance regional headquarters.

Utah Resident, A Dogecoin Fan Selling His Home For Crypto Offers a Generous 10% Discount only If He Is Paid In Doge

According to local TV station KUTV (Video Below), an American citizen from Utah joined the ranks of those selling their property for cryptocurrencies. Utah Resident,...

Panther Protocol Partners with Vegaswap

Midtown, Gibraltar, 27th July, 2021, Panther Protocol, the privacy protocol, has partnered with Vegaswap, the automated market maker (AMM) protocol with multichain support. Vegaswap is...

European Digital Identity: Talao Announces Professional Credential Solution

Paris, France, 27th July, 2021, Talao, a blockchain-based Digital Identity specialist for the Human Resource industry, today announced a professional credential application to transform...

Vechain CEO, Sunny Lu Interview By Fenbushi Capital, Sunny Lu Talks About Partners, Investors And The Three Historic Choices

VeChain CEO, Sunny Lu, was interviewed by Fenbushi Capital for their Distributed Entrepreneurship Column. Sunny talks partners (DNV, PwC), investors (Fenbushi, Fenchain), and the three...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.

follow us in feedly