Bitcoin's mining difficulty printed a record increase on Jan. 15, 2023, rising 10.26% to 37.73 trillion at block height 772,128.
The difficulty was approximately 34.09 trillion last week, and it reached an all-time high of 37.73 trillion on Sunday, making it exceptionally difficult to find ablock. Prior to the Jan. 15, 2023, difficulty increase, the highest difficulty rating on the Bitcoin blockchain was 36.76 trillion on Nov. 6, 2022.
The current difficulty is 2.63% higher than the previous high. The Jan. 15 difficulty rise also surpasses all but one of the difficulty increases from last year. In 2022, the largest difficulty increase took place on Oct. 10, 2022, at block height 758,016, when it rose by 13.55%. Bitcoin’s price has in the last seven days, which is beneficial to Bitcoin miners. However, the 10.26% difficulty increase will make profits a lot tighter.high of 361.20 exahash per second on Jan. 6, 2023, at block height 770,709. This surpassed the previous record of 347.16 EH/s set on Nov. 12, 2022. The high hashrate has led to faster block intervals and the difficulty increase that was recorded on Sunday afternoon.
With two records set in the first month of the new year, 2023 will be noteworthy for miners. At press time, the cost of Bitcoin production, according to macromicro.me
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