Bitcoin Mining Difficulty Adjustment

Bitcoin miners don’t stop as hashrate and mining difficulty set back-to-back all-time highs

Analyzing Bitcoin’s difficulty adjustment and mining profitability

Bitcoin’s total hashrate

Bitcoin’s mining difficulty

Hashprice, or mining revenue per TH/s

Bitcoin mining profitability overview

  • Having to liquidate their treasury to cover costs and debts.
  • Turning to mergers and acquisitions to remain in business.
  • Failing to fulfill contractual obligations with service providers, such as hosting facilities.
  • Defaulting on their debt and even declaring bankruptcy.

The difficulty adjustment in numbers

  • Difficulty adjustment block height: 760,032
  • Date of the adjustment: 10/24/2022
  • Average hashrate at the time of the adjustment: 263.63 EH/s
  • Previous difficulty: 35.61T
  • Current difficulty: 36.84T
  • Difficulty change: +3.44%
  • Miner revenue per TH/s (hashprice) after adjustment: $0.069

About Titan

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We deliver software and services for crypto mining at scale. A Bloq Inc. company. Visit us on https://titan.io.

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Titan Mining

We deliver software and services for crypto mining at scale. A Bloq Inc. company. Visit us on https://titan.io.