• Date: 25.07.2024
  • Text: Some text comes here.
  • Button: See more
  • Timer: 25.07.2024
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
  • ethereumEthereum (ETH) $ 2,365.53 1.12%
  • tetherTether (USDT) $ 1.00 0.2%
  • bnbBNB (BNB) $ 302.66 0.19%
  • solanaSolana (SOL) $ 95.44 1.28%
  • xrpXRP (XRP) $ 0.501444 0.1%
  • usd-coinUSDC (USDC) $ 0.996294 0.34%
  • staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
  • cardanoCardano (ADA) $ 0.481226 2.68%
  • avalanche-2Avalanche (AVAX) $ 34.37 1.19%
  • bitcoinBitcoin (BTC) $ 42,977.00 0.18%
    ethereumEthereum (ETH) $ 2,365.53 1.12%
    tetherTether (USDT) $ 1.00 0.2%
    bnbBNB (BNB) $ 302.66 0.19%
    solanaSolana (SOL) $ 95.44 1.28%
    xrpXRP (XRP) $ 0.501444 0.1%
    usd-coinUSDC (USDC) $ 0.996294 0.34%
    staked-etherLido Staked Ether (STETH) $ 2,367.26 1.4%
    cardanoCardano (ADA) $ 0.481226 2.68%
    avalanche-2Avalanche (AVAX) $ 34.37 1.19%
image-alt-13BTC Dominance: 51.25%
image-alt-14 ETH Dominance: 16.27%
image-alt-15 BTC/ETH Ratio: 13%
image-alt-16 Total Market Cap 24h: $1.65T
image-alt-17Volume 24h: $42.89B
image-alt-18 ETH Gas Price: 26 Gwei
 

Bitcoin mining difficulty decreases by 3% as halving approaches in 50 days

Bitcoin’s mining difficulty has seen a downward adjustment of 3%, with the current BTC difficulty standing at 79.35 T, as per data from Newhedge and Coinwarz...
Firefly A Very Complex Math Formula Expressed Like A Code Style, On A Large Digital Screen, Numbers,

This marks the second negative adjustment this year, in the wake of roughly two of the past 12 months’ highest adjustments at approximately 7% and 8%, respectively. This minor drop in difficulty is primarily due to the rapid increase in the hash rate over the past months, a trend that hasn’t maintained its upswing in the last two weeks.

Using a seven-day moving average, the hash rate currently stands at 582 EH/s, slightly below its all-time peak of 595 EH/s.

As for the Bitcoin halving event, analysis from the Clarkmoody dashboard suggests it will occur on Apr. 20, which is just 50 days away, with just over 7,000 blocks remaining until the event.

Amid hash rate plateau, Bitcoin sees its second mining difficulty reduction this year.

MORE FROM SPONSORED

 

UPCOMING EVENTS

Days
Hr
Min
Sec
 

Latest Iron Podcast episode