Bitcoin’s mining difficulty reached a lifetime high on April 27, at block height 733,824, after jumping 5. 56% higher than two weeks ago. The difficulty jump further indicates that Bitcoin’s difficulty is also nearing 30 trillion, as the change on Wednesday shows the current difficulty is 29. 79 trillion.
Now is the Most Difficult Period in History to Min Bitcoin, After the Last Difficulty Boost
- On Wednesday, April 27, 2022, after block 733,824 was mined, it is now the most difficult time in history to mine bitcoin (BTC). Currently, and for the next two weeks, Bitcoin’s difficulty will be 29. 79 trillion until the next difficulty adjustment.
- Bitcoin’s hashrate today is running high at 252. 39 exahash per second (EH/s) after reaching an all-time high on April 23, 2022, at block 733,197. At that time, the hashrate tapped a high of 271. 19 EH/s.
- While the estimate could change over the next 2 weeks, it is expected that the network’s difficulty will drop to 0. 07% during the next difficulty adjustment. On April 14, bitcoin miners caught a break when the difficulty dropped by 1. 26% at block height 731,808.
- The estimated hashrate over the last 90 days was 201.8 EH/s the next difficulty retarget is expected to happen on or around May 10, 2022. Using today’s BTC exchange rates, the current block subsidy of 6. 25 BTC is roughly $245,531.
- At the time of writing, there are 106,167 blocks left until the next halving occurs, which means almost half the time in between each halving has occurred. In roughly 48 hours, the halfway point up until the halving, in terms of block count will take place.
- The halving is expected to occur on or around April 27, 2024. The miners will see their block subsidy reduced by half starting at 6. 25 BTC to 3. 125 BTC after that point in time.
- On April 27, 2022, and over the last three days, Foundry USA has been the top miner capturing 87 of the 473 blocks mined in that timeframe. Foundry commands 18. 39% of the global hashrate or 41. 05 EH/s.
- Foundry is followed by Antpool, in terms of three-day pool statistics, as Antpool found 75 blocks out of the 473 blocks mined. Antpool’s hashrate is 15. 86% of the global processing power or roughly 35. 39 EH/s.
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29 trillion, 29. 79 trillion, 30 trillion, 5. 56% jump, Block time, BTC difficulty, BTC.com, chinese miners, difficulty, Difficulty Adjustment, Exahash, Foundry USA, Hahspower, Hashpower, Hashrate, Mempool, Mining Difficulty, Mining Operations, Mining Pools, network difficulty, Overall Hashrate, SHA256 Hashrate
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Jamie Redman
Jamie Redman, a journalist and financial tech expert living in Florida, is the News Lead at Bitcoin.com News. Redman has been an active member of the cryptocurrency community since 2011. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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