Bitcoin mining difficulty dropped by 4,33%
This is the maximum drop in the indicator since July 2021
26.05.2022 - 11:55
444
2 min
0
What’s new? On May 25, a recalculation of the difficulty of bitcoinmining took place. According to BTC.com, the indicator dropped by 4,33% to 29,9T, with an average hashrate of 213,92 EH/s on the network. This is the maximum decline in difficulty since July 2021. On May 11, 2022, this indicator reached a record high of 3125 T.
What happened before? On May 24, the Ethereum network recorded its lowest average fee since July 2021 at $2,54. Analytics firm Santiment noted that “historically, ETH prices rise after average transactions dip below $5.” Also on May 25, the number of transactions on the blockchain reached a monthly low of 43 924 994.
In mid-May 2022, China returned to second place in terms of the global bitcoin hashrate, despite cryptocurrencies and their mining being banned in the country. The PRC accounts for 21% of the computing capacity for BTC mining. In first place is the United States with an indicator of 37,8%.
Also, a new version of the law “On Mining in the Russian Federation” was submitted to the State Duma of the Russian Federation. The previous version of the document was shelved, and a number of provisions on the register and tax amnesty for mining participants were also removed from it.
Useful material?
Telegram 
Twitter Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024
Cryptocurrency rates
-
Bitcoin
$69 479
BTC
+3.23%
-
Ethereum
$2 428.43
ETH
+0.39%
-
BNB Smart Chain
$567.33
BSC
+2.38%
-
Ripple
$0.513819
XRP
+1.92%
-
Dogecoin
$0.169418
DOGE
+7.9%
-
Cardano
$0.335346
ADA
+2.55%
-
Bitcoin Cash
$342.19
BCH
+4.69%
-
Polkadot
$3.9
DOT
+3.58%
-
Litecoin
$66.08
LTC
+0.71%
-
Stellar XLM
$0.093829
XLM
+3.25%