Bitcoin Mining Difficulty Sets New All-Time High

The measure of bitcoin mining difficulty will likely continue hitting record highs well into 2022.

1/21/2022 6:43:00 AM

Mining difficulty on the Bitcoin network increased by 9.32% and hit an all-time high of 26.64 trillion on Jan. 21. egreechee reports.

The measure of bitcoin mining difficulty will likely continue hitting record highs well into 2022.

Jan 21, 2022 at 3:35 a.m. UTCrecord set on May 13, 2021On May 13, 2021, bitcoin's mining difficulty hit a record 25.04 trillion, as primarily Chinese and North American miners deployed their machines.. Hashrate and difficulty kept falling until late July.

Read more:Analysts and industry insiders expect the trend to continue well into 2022, as miners in North America, Russia, and Europe, plan to deploy even more machines - barring any unforeseen event like China's ban on crypto mining or a dramatic fall in the price of bitcoin.

Read more: CoinDesk »

Russian forces step up east Ukraine campaign, more wounded leave Mariupol bastion

Russian forces bombarded areas of Ukraine's eastern Donbas region from land and air on Friday, destroying houses in residential districts and killing a number of civilians, Ukrainian officials said. Read more >>

egreechee Ok egreechee We should make an nft like this except the price of the nft goes down as the gas fee goes up. egreechee egreechee Can someone tell me why it needs to get harder? egreechee Start staking $usdc right now! egreechee 🚀🚀🚀 Solana SOLC SolConnect egreechee Shit coin khai thác làm cc gì

egreechee can i avoid paying taxes on this? egreechee This is good news and the priced dropped. egreechee BreederDodo scam project❗ $Dodo scam shitcoin❗ BreederDodo scam project❗ $Dodo scam shitcoin❗ BreederDodo scam project❗ $Dodo scam shitcoin❗ BreederDodo scam project❗ $Dodo scam shitcoin❗ BreederDodo scam project❗ $Dodo scam shitcoin❗

egreechee

Regulator Reiterates Call for EU Ban on Proof-of-Work Mining – Mining Bitcoin NewsThe EU should prohibit proof-of-work cryptocurrency mining, an executive at the European securities watchdog has insisted. Checkout Bitgert on Coinmarketcap BRISE BITGERT Thedéen has 0 clue Thanks Vemp thank you Shibaswap. I have made greatest investment providing ETH VEMP liquidty on Shibaswap. I earn free bonus + ethereum and + vemp extra. Great cooperation. 100 x soon The fomo will be strong once the market recovers 👀👀 $vemp 2022 will be so huge for vemp👀

egreechee Good

Bitcoin mining becomes more sustainable: Mining Council's Q4 surveySlowly but surely, Bitcoin is going green. New data shows the percentage of the global BTC mining industry running on renewable power increased by 1% to 58.5% in the fourth quarter of 2021. Four Weeks Announcement, Secret to the Moon.🌝🌕💰 New BTC is winning Secret Way run it's Cheap.$9.00

Intel is already active in the bitcoin mining chip business, filing showsBitcoin mining company Griid quietly made a significant disclosure last month: a deal with tech conglomerate Intel to provide it with hardware. It is great ✨🤩 SHIBA__GIVEAWAY SHIBA INU distribution. 100x is a project I expect, so what do you think a project should do? Must have wallet app DexiWallet☑️ Must have game app DxgGameEmporium☑️ Must Have Dex app DexiHunter(coming soon) Must be Nft marketing ☑️ dxg DexiKnights dexioprotocol $DEXI dexioprotocol

Bitcoin Mining Ban Proposed by Top EU Financial RegulatorA leading EU financial regulator is calling for prohibiting Bitcoin mining They can yell all they want. Bitcoin is unstoppable! Just ban all PoW coins and be done with the old way. Just a call to buy cheap 😂

Crypto Miner Convicted in Russia for Allegedly Stealing Power to Mint Digital Coins – Mining Bitcoin NewsA regional court has sentenced a man accused of illegally connecting his crypto farm to the grid to two years in prison. All this are bearish news He just wanted to save some money on the electricity bill give him a break I’m so excited now I can at least pay my bills and take good care of my family. Thanks you Mr victor_griffin_ for you have brought happiness to me and my family thanks once again victor_griffin_

Intel to Offer 'Energy-Efficient Bitcoin Mining ASIC' | CoinMarketCapAll of this comes as a number of big players seek to democratize the world of Bitcoin mining, which has come under criticism for being dominated by a small number of operators. Good.. CoinMarketCap Stake min 15k BSCS to have chance join all IDOs and earn stake profit, let's to the moon, invest BSCS to your future 🚀. The price of BSCS is good now, join right now to not miss next IDOs BabyDoge 🔥🔥🔥

By Jan 21, 2022 at 3:26 a.m. UTC Updated Jan 21, 2022 at 3:35 a.m. UTC A bitcoin mining farm. (Marko Ahtisaari/Flickr) Mining difficulty on the Bitcoin network increased by 9.32% and hit an all-time high of 26.64 trillion on Jan. 21, at 3:07 UTC, beating the previous record set on May 13, 2021 . The difficulty is automatically adjusted based the amount of computational power on the network, or hashrate, to keep the time it takes to mine a block roughly stable at 10 minutes. The higher the hashrate, the higher the difficulty, and vice versa. On May 13, 2021, bitcoin's mining difficulty hit a record 25.04 trillion, as primarily Chinese and North American miners deployed their machines. The difficulty started dropping later in May when miners in China, at the time the biggest bitcoin mining country, went dark to comply with a regulatory crackdown . Hashrate and difficulty kept falling until late July. Most miners from China estimated that they would come back online in Q1 2022, so"we can attribute a good bit of this increase [in difficulty] to Chinese miners finally coming online in North America," Whit Gibbs, CEO of Compass Mining, told CoinDesk. As Chinese miners found new homes for their operations, and new facilities came online, the hashrate and difficulty started to increase. By December, the hashrate had almost recovered from its July lows. Read more: Bitcoin Hashrate Approaches Full Recovery From China Crackdown Given the soaring price of bitcoin last year, miners booked"super profits," so they tried to get more mining capacity online as fast as possible, Jaran Mellerud, researcher at Oslo's Arcane Research told CoinDesk. Analysts and industry insiders expect the trend to continue well into 2022, as miners in North America, Russia, and Europe, plan to deploy even more machines - barring any unforeseen event like China's ban on crypto mining or a dramatic fall in the price of bitcoin. "In 2022, we expect record growth of this indicator," Roman Zabuga, a PR representative for mining host BitRiver, told CoinDesk. "From July 2022 to December 2022, most of the largest miners have enormous deliveries of the Antminer's newest ASIC Antminer S19 XP. These deliveries will make the difficulty soar throughout the whole 2022," Mellerud said. Europe-based consultant at PROOFOFWORK.ENERGY Alejandro de la Torre added that mining continues to grow in surprising ways. Across Europe, many"are already or about to start mining bitcoin with extra, unused electricity capacity," he said. Read more: 8 Trends That Will Shape Bitcoin Mining in 2022 DISCLOSURE The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a