Bitcoin mining difficulty hits lifetime high after 5.56% increase
Bitcoin mining difficulty hit yet another all-time high yesterday, less than a month after the previous one, cutting into the decreasing profit margins of miners. Bitcoin mining difficulty is the measure of how hard it is to compete for mining rewards.
On April 27, Bitcoin mining difficulty reached a lifetime high of 29.79 trillion at block height 733,824, after jumping 5.56% higher than two weeks ago. The percentage increase was the second largest since the beginning of the year. On January 21, mining difficulty increased by 9.32%.
Bitcoin’s hashrate is running at 220.61 exahash per second (EH/s) today after hitting an all-time high on April 23, 2022 when the hash rate peaked at 271.19 EH/s.
While the estimation may well change over the next two weeks, network’s difficulty is estimated to increase by 0.30% to reach 29.88 trillion during the next difficulty adjustment – setting another record.
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