Bitcoin mining difficulty increased by approximately 15% to 144.4 T early this morning, marking the largest increase since 2021.

robot
Abstract generation in progress

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.

BTC1,08%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)