Bitcoin mining difficulty target Expected to increase in 12 days. 19/19/2022 after printing the largest reduction recorded in 2022 at block height 766,080 on 19/19/2022 on 12/5/2022. During the last 2,016 blocks, Bitcoin’s hashrate was around 254.3 exahashes per second (EH/s), with a fast block interval of 9:41 minutes per block.
Bitcoin Difficulty Expected to Rise 3% on December 19, Average Bitcoin Mining Cost Higher Than Current Spot Market Value
Around 24 Over time, the Bitcoin network will be another difficulty transition, and this time it is estimated to increase. This increase is estimated to be approximately 3.2% to 3.76% higher than the current value of 34.24 trillion. This rise will push 34.24 trillion to around 35.53 trillion around December 19, 2022.
Data shows BTC hashrate lower than the moon, while network difficulty is increasing. Previous. Bitcoin hashrate hits all-time high of 316 EH/s on December 1, 2022. The average block time or block interval is between block-by-block to roughly block-by-block.
The estimated 3% change comes after the last difficulty change, which saw a decrease of about 7.32% at block height 766,080 on December 5th. The network’s mining difficulty re-target for the day was the largest recorded decline in 2022. If the estimated increase occurs on December 19, 2022, about 3% of the latest decrease will be erased, leaving miners with BTC blocks.
Over the past three days, Foundry USA has been the top mining pool in the Bitcoin network, achieving 27.05% of total hashrate or 66.59 EH/s. Foundry is followed by Antpool (53.51 EH/s), F2pool (35.08 EH/s), Binance Pool (31.51 EH/s) and Viabtc (22 EH/s) respectively. 414 block rewards were discovered in the last 3 days and 351 blocks were discovered in the top 5 mining pools mentioned above.
On December 17, statistics frommacromicro.me showed the average Bitcoin mining cost based on Cambridge University indicators, which cost about $19,806, andBTC‘ Dec 18 price is around $16,700 per bitcoin.
What do you think of Bitcoin’s difficulty retargeting scheduled for December 19? What do you think about the pressure? Let us know what you think about this in the comments section below.
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