NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Miners To Experience An All-Time High Bitcoin Mining Difficulty, What’s Next?

Denis
Denis
1 year ago
2 mins read
Miners To Experience An All-Time High Bitcoin Mining Difficulty, What's Next?

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin, a proof-of-work (PoW) blockchain, depends on its mining process to ensure the security and stability of its network. This involves the activities of miners that utilize special mining machines and electricity to operate Bitcoin nodes.

Over the years, mining attracted different miners when BTC prices were high. However, the BTC mining difficulty and the network hash rate have their role to play in block rewards.

From a recent report, the BTC mining difficulty is about to hit a new 7-month high this week. The trend of activities is creating a readjustment from the sequential information obtained over the years for the leading global cryptocurrency.

Related Reading: WATCH: Bitcoin Versus DXY And The Dangerous TD9 Setup | Daily TA August 30, 2022

The BTC mining difficulty adjustments will occur every 2,016 blocks. But the network has witnessed a reduction in this value over the years, especially during the summer seasons. Also, banning mining in countries like Iran and China due to high energy consumption contributed to the decline.

Adjustments in Bitcoin mining difficulty are crucial for the network’s functionality as a blockchain. This is because it defines the ease or difficulty of the mining process on the network based on the number of miners working on the blockchain.

Usually, with more miners operating on the network, it becomes more difficult to receive rewards and vice-versa. The adjustment process ensures no change in new block production for Bitcoin at all times. Also, its consistency is not affected by the number of active miners on the blockchain.

The Bitcoin network has seen different twists in its mining difficulty. In 2022, BTC kept having different negative adjustments consecutively through the middle of summer. The most critical data of about -5.01% on July 21 marked its lowest level over the past year.

Bitcoin Hash Rate Pushes Up

However, there’s a shift to a positive increase as the value hits 1.74% at the beginning of August. This is closely followed by another surge of 0.63% two weeks after.

The subsequent adjustment will occur in less than two days and could depict an increase of about 7%, as per BTC.com data. If this happens, it will become the most extensive data for the blockchain over the past seven months.

Miners To Experience An All-Time High Bitcoin Mining Difficulty, What's Next?
Bitcoin surges above $20,000 on the chart l BTCUSDT on TradingView.com

Besides the Bitcoin mining difficulty doing an upward climb, the hash rate also follows the same pattern. This is due to the correlation between BTC mining difficulty and its hash rate. Usually, an increase in mining difficulty is equivalent to a rise in the hash rate and vice-versa.

Related Reading: Bitcoin aSOPR Rebounds From “1” As Weakness Remains In Market

Data from BitInfoChart revealed a decline in the BTC hash rate. It dropped from its ATH of 250EH/s as of the beginning of June to 170 EH/s after two months. But the hash rate has been showing slight recovery as it rose to 230EH/s, representing a surge of 30%.

Miners To Experience An All-Time High Bitcoin Mining Difficulty, What's Next?
Source: BitInfoCharts
Featured image from Pixabay, Charts from TradingView.com
Tweet123Share196ShareSend
Denis
Denis

Denis

Denis is a passionate writer and editor and he's been writing in finance industry for almost 6 years.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Price At $145,000 In September? Bullish Dojis Suggest Upward Move

Crypto analyst Stockmoney Lizards has provided an update on the current Bitcoin price action, predicting that the flagship crypto could...

Scott Matherson 3 hours ago

Bitcoin Hyper預售火爆臨界點!6小時內漲價 442%質押年化收益引爆市場

Bitcoin Hyper (HYPER)自上線不到一個月以來,預售融資即將突破180萬美元。 作為比特幣(BTC)最新且最快的第二層解決方案,Bitcoin Hyper 旨在將比特幣網路從“貨幣的互...

estherw 5 hours ago
Stablecoins Heat Up as South Korea Renounces CBDCs: Why Best Wallet Wins

South Korea Pauses CBDCs, Stablecoins Heat Up: Here’s Why Best Wallet Wins the New Crypto Framework

South Korea pressed pause on its central bank digital currency (CBDC) initiative, even as its new government pivoted toward promoting...

Aaron Walker 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Warning Signs? Long-Term Bitcoin Holders Take Profits as Leverage Spikes

Warning Signs? Long-Term Bitcoin Holders Take Profits as Leverage Spikes

Samuel Edyme 2 minutes ago

免費比特幣空投獎勵引爆加密社區熱潮 BTCBULL預售倒數最後今日!

Mark Mak 1 hour ago
Bitcoin Dominance Shows Bearish Divergence – Altseason Could Be Near

Bitcoin Dominance Shows Bearish Divergence – Altseason Could Be Near

Sebastian Villafuerte 1 hour ago

Premium Sponsors

Press Releases

  • 仮想通貨プレセール残り24時間で800万ドル目前 次の100倍銘柄となるか?

    ...

    5 hours ago
  • 1ドル以下で注目される仮想通貨おすすめ、Solana系トークンに割安銘柄あり?

    ...

    5 hours ago
  • Най-добрите криптовалути преди...

    6 hours ago
  • リップルとSECの訴訟終了後に注目すべき新しい仮想通貨プロジェクトとは

    ...

    6 hours ago
  • BTC

    仮想通貨 おすすめ:BTC Bull...

    6 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.