Bitcoin mining difficulty drops by 5%
The average hashrate of the network fell to 193 EH/s
22.07.2022 - 09:45
341
1 min
0
What’s new? After the last recalculation, bitcoin’s mining difficulty dropped by 5%, to 28,82 T. Also, according to Blockchain.com, the average hashrate of the network fell to 193 EH/s. The last time there was such a sharp decline was in July 2021. As of July 22, 09:40 UTC, BTC is trading at $23 438, having gained 2,1% in 24 hours, according to Binance.
Hashrate is the total computational power in the bitcoin network. The mining difficulty determines the amount of computing power it takes to find a new block in the blockchain. The parameter changes every 2016 blocks, or about once every two weeks. This ensures that the time it takes to find a block is around 10 minutes.
What happened before? According to the Bitcoin Mining Council’s (BMC) report, mining energy consumption increased by 63% over the year. Hashrate rose by 137% over the same period. The data is based on an analysis of more than 50% of the bitcoin network. BMC also found that cryptocurrency mining consumes 0,15% of the world’s electricity.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$99 283
BTC
+2.06%
-
Ethereum
$3 321.49
ETH
-0.03%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.46
XRP
+31.53%
-
Dogecoin
$0.405154
DOGE
+5.9%
-
Cardano
$0.968807
ADA
+22.88%
-
Bitcoin Cash
$489.51
BCH
+1.77%
-
Polkadot
$6.32
DOT
+9.4%
-
Stellar XLM
$0.300785
XLM
+26.77%
-
Litecoin
$90.48
LTC
+2.51%