Bitcoin mining difficulty - the measure of how hard it is to compete for mining rewards – went up by 5.56% today and reached another all-time high, hitting 29.79 T, per data from the mining pool BTC.com. This is the strongest increase since January this year. The previous ATH was seen on the last day of March, or two difficulty adjustments ago, when it reached 28.59 T. This one was followed by a smaller drop of 1%.
Meanwhile, Bitcoin hashrate, or the computational power of the network, has been on the rise as well. Since the previous difficulty adjustment two weeks ago, or April 14 more precisely, until April 26, the 7-day moving average hashrate has gone up almost 9%, per BitInfoCharts.com data. As a matter of fact, it hit its own ATH of 219.75E, compared to the previous high of 215.92E recorded in February this year.
In the same time period between the two adjustments, Bitcoin mining profitability dropped around 2%, while BTC corrected lower by almost 4% in two weeks.
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