Row of bitcoin miners set up on the wired shelfs

Bitcoin mining difficulty dips 0.5% over two weeks after hitting record high

According data from The difficulty changes approximately every two weeks and is a measure of the computing power used to mine bitcoin blocks to be rewarded with Bitcoins.

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Fast facts

  • The mining difficulty reading came in at 39.16 trillion at a block height of 776,160 in Sunday’s bi-weekly adjustment, following a 4.68% increase in the previous January 29 adjustment.
  • The last Bitcoin mining difficulty the reading was 46.7% higher than on February 4 last year, when the reading difficulty was 26.69 trillion.
  • Bitcoin’s hashrate, a measure of the computing power used by miners, was around 315.9 exahashes per second on Sunday, up slightly from 311 exahashes on January 29, the data showed.
  • The price of Bitcoin slid 0.3% in the past 24 hours to trade at US$21,744 as of 10:40 a.m. in Hong Kong, down 5.34% in the past seven days, according to data from CoinMarketCap. The largest coin by market cap is up 9.2% over the past month.
  • Bitcoin mining rate of return stood at $0.0729 per terahash per second in the past 24 hours, down from $0.184 a year ago, BitInfoCharts data show.

See related article: Markets: Bitcoin floats below US$22,000 on SEC action on Kraken, Ether falls

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