Bitcoin Mining Difficulty Hits All-Time High

    Bitcoin mining has never been as difficult as it is today, as miners now need to calculate over 32 trillion hashes to find a new BTC block.

    Bitcoin’s mining difficulty reached a new all-time high at a block height of 753,984 from 30.97 trillion hashes to 32.05 trillion hashes. After two difficulty increases in the past month, the biggest crypto mining difficulty increased by 3.45% on September 13.

    The top cryptocurrency by market capitalization, Bitcoin (BTC), is now a lot harder to mine. On Tuesday, September 13, 2022, the network difficulty hit an all-time high of 32.05 trillion.

    At a block height of 753,984, finding Bitcoin block rewards has never been more difficult. Furthermore, the US dollar value of BTC dropped more than 9% on Tuesday afternoon (ET), following the release of the US CPI report.

    Bitcoin’s Difficulty Reaches 32 Trillion

    Despite the recent price drop and mining difficulty increase, the BTC hashrate remains above the 200 exahash per second (EH/s) and at the time of this writing, it is running at 214.07 EH/s. In the last 24 hours, Foundry USA was at the top of the network with 26.85% of the global hashrate.

    Following Foundry is F2pool with 15.4% and Binance Pool with 14.77% of the global hashrate. Next are Antpool (13.42%) and Viabtc (10.74%), respectively. 149 blocks were mined in the last 24 hours, and Foundry USA discovered 40 of them, while F2pool captured 23.

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