Bitcoin's Path to Halving — Anticipated Increase in Difficulty Sets Stage As bitcoin (BTC) miners gear up for the upcoming halving, they face a hurdle in the form of an
anticipated increase in difficulty. The last adjustment saw a slight decrease, but the next one could erase that with a projected
1.2% to 2.16% increase.
Miners have their eyes set on block height 838,656, where the adjustment is expected to take place. With
1,344 blocks until block 840,000, they aim to mine around
8,393.75 new bitcoins before the halving.
The hashprice, a measure of mining profitability, currently stands at about
$104 per petahash per day, lower than its mid-March peak. Miners have amassed a total of
$263 million, including $7 million from transaction fees.
Foundry USA leads the pack with a substantial
170.67 EH/s hashrate, contributing to the overall average of
600 EH/s over the past week. Antpool follows closely behind with a seven-day SMA hashrate of
134.06 EH/s.
Other notable contributors include F2pool, Viabtc, Binance Pool, and several others among the 1,017 blocks mined recently.
As bitcoin's journey to halving continues, miners brace themselves for both challenges and opportunities in this ever-evolving landscape.
