Bitcoin mining difficulty drops 2% after reaching all-time high in last adjustment
The mining difficulty reading, which marked the first decline in about two months, was at 31.36 trillion, as of block height 756,000, the data showed. The difficulty level, which changes about every two weeks, had been on the rise since its Aug. 4 adjustment. It rose to an all-time high of 32.05 trillion on Sept. 14.
Bitcoin mining difficulty is a measure of how hard a miner has to work to verify transactions in a block to add to the blockchain, or “dig out” Bitcoins. Bitcoin’s seven-day average hashrate was at around 222.1 exahashes per second on Wednesday, down from a seven-day average of 231.1 exahashes on Sept. 14 when the previous difficulty adjustment occurred, Blockchain.com data showed. Bitcoin was trading at US$19,345 at 3:20 p.m. on Thursday in Hong Kong, up 3.5% in the past 24 hours.
Source
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