Deep Tide TechFlow News, February 20 — According to CoinDesk, Bitcoin mining difficulty was adjusted upward to 144.4 T early this morning, an increase of approximately 15%, marking the largest percentage growth since China’s comprehensive ban on mining in 2021. Bitcoin hash rate has recovered from the previous 826 EH/s to 1 ZH/s, despite current hash rate prices being at multi-year lows of about $23.9 per PH/s.
Earlier, due to severe winter storms in the United States causing several major mining companies to reduce operations, Bitcoin hash rate experienced its most significant decline since the end of 2021, with mining difficulty decreasing by 12%. Although Bitcoin’s price fell from a high of about $126,500 in October to a low of around $60,000 in February (currently rebounding to approximately $67,000), large operators with low-cost energy continue to actively mine, maintaining network resilience.
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Bitcoin mining difficulty increased by approximately 15% to 144.4 T early this morning, marking the largest increase since 2021.
Deep Tide TechFlow News, February 20 — According to CoinDesk, Bitcoin mining difficulty was adjusted upward to 144.4 T early this morning, an increase of approximately 15%, marking the largest percentage growth since China’s comprehensive ban on mining in 2021. Bitcoin hash rate has recovered from the previous 826 EH/s to 1 ZH/s, despite current hash rate prices being at multi-year lows of about $23.9 per PH/s.
Earlier, due to severe winter storms in the United States causing several major mining companies to reduce operations, Bitcoin hash rate experienced its most significant decline since the end of 2021, with mining difficulty decreasing by 12%. Although Bitcoin’s price fell from a high of about $126,500 in October to a low of around $60,000 in February (currently rebounding to approximately $67,000), large operators with low-cost energy continue to actively mine, maintaining network resilience.