Bitcoin’s mining difficulty climbed by 5% for a record of 150.84 Billions on Wednesday, marking the seventh adjustment upwards, according to Glassnode.
The difficulty, which resets all the 2016 blocks (approximately every two weeks), is how difficult it is for minors to find new blocks and maintains the average block time at around 10 minutes.
The increase reflects continuous growth in the hash level of the network, now above a Zettahash at 1.05 zh / s. A higher chopping rate indicates more competition machines to secure the network, increasing safety while increasing the profitability bar.
This pressure appears in Hashprice, minor’s income per unit of Hashrate, which slipped less than $ 50 per Petahash per second, according to Luxor data.
The metric briefly affected $ 52 when Bitcoin exchanged above $ 118,000 earlier this summer, but has since the difficulty has increased and prices have softened.
For the margins of minors to improve, one of the three levers should move: higher costs, which remain at multi -year stockings, a rebound in the price of Bitcoin or a slowdown in the hash level of the network.
Despite record difficulties and the decrease in hashprice, mining shares have rallied alongside Bitcoin overvoltage over $ 118,500, with an operating figure (CIFR) up more than 51% in last month, Bit Digital (BTBT) winning 25% and Digital Marathon (Mara) climbing almost 16%
