Bitcoin mining difficulty, measure of difficulty Current estimates are set to increase significantly on January 15, 2023 to find and add new blocks to the blockchain. At the time of writing, Bitcoin mining difficulty appears to have increased by 10%, rising from 34.09 trillion to an all-time high of 37.57 trillion.
Upcoming difficulty retargets to increase hashrate requirements
Major cryptocurrency network Bitcoin (BTC) is set to experience three record-breaking increases in difficulty on or around January 15, 2023. At the time of writing, the network has a hash rate of 268.79 exahash per second (EH/s), and blockchain computing power reached an all-time high on January 6, 2023. On that day, at a block height of 770,709, the hashpower of the network reached 361.20 EH/s. Bitcoin block times, also known as
block intervals, ranged from8 minutes 52 secondsto 9 minutes 6 seconds. The block interval is the average time it takes for a new block to be added to the blockchain, and the network difficulty is designed to keep the block time around 10 minutes per block.
The actual time between blocks may differ from this average, and the previous difficulty change was made on 01/02/2023 at block height 770,112 , the blocks are spaced closer together. Due to this, January 15th difficulty retargeting increased significantly, a rise not recorded since October 2022.
Foundry USA and Antpool Command Nearly Half of Bitcoin Global His Hashrate
Network ofBTCAt Time of Writing, Until Next Difficulty Change The difficulty is about 34.09 trillion. This means that it takes an average of 34 trillion hashes (or attempts) to find and add valid BTC blocks to the blockchain. Bitcoin’s next difficulty change is now expected to rise from 10.1% to 10.21% within three days, according to analytics sites.
Highest estimates put the difficulty at an all-time high of 37.57 trillion, requiring Bitcoin miners to perform 37.57 trillion hashes to find a block on the Bitcoin blockchain. Foundry USA is now thetop mining poolin the last 3 days, recording 29.57% of the global hashrate. Foundry is followed by Antpool (19.36%), F2pool (16.38%), Binance Pool (8.72%), Viabtc (8.30%) and Brainins Pool (3.40%) respectively. Between Foundry and Antpool, the two pools currently account for 48.93% of the network’s total hashrate.
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