{"id":13628,"date":"2022-08-19T07:45:49","date_gmt":"2022-08-19T07:45:49","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoins-mining-difficulty-rises-for-the-second-time-in-a-row-its-now-0-63-harder-to-find-a-btc-block-mining-bitcoin-news\/"},"modified":"2022-08-19T07:45:49","modified_gmt":"2022-08-19T07:45:49","slug":"bitcoins-mining-difficulty-rises-for-the-second-time-in-a-row-its-now-0-63-harder-to-find-a-btc-block-mining-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoins-mining-difficulty-rises-for-the-second-time-in-a-row-its-now-0-63-harder-to-find-a-btc-block-mining-bitcoin-news\/","title":{"rendered":"Bitcoin’s Mining Difficulty Rises for the Second Time in a Row \u2014 It’s Now 0.63% Harder to Find a BTC Block \u2013 Mining Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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On August 18, 2022, Bitcoin\u2019s mining difficulty increased again after the 1.74% rise two weeks ago on August 4. At block height 749,952 at 7:07 a.m. (EST) the network\u2019s mining difficulty rose by 0.63% from 28.17 trillion to 28.35 trillion Thursday morning.<\/strong><\/p>\n

Bitcoin Network Records Second Consecutive Difficulty Increase Since August 4<\/h2>\n

Finding a bitcoin (BTC<\/a>) block is a touch more difficult today than it was during the last two weeks as the difficulty adjustment algorithm (DAA) increased by 0.63%. The increase is the second consecutive increase after the DAA jumped by 1.74% two weeks prior, at block height 747,936.<\/p>\n

The two increases indicate that it is currently 2.37% harder to find a BTC<\/a> block than it was prior to August 4, back when the difficulty parameter was at 27.69 trillion. BTC<\/a>\u2019s hashrate has been running lower in terms of exahash dedicated to the network after reaching an all-time high on June 08, 2022, at block height 739,928.<\/p>\n

At that time, the network recorded a high of 292.02 exahash per second (EH\/s) and today, the hashrate is coasting along at 182.40 EH\/s. Block 749,952, the block that changed the DAA this week, was discovered by Foundry USA and it contained 2,648 transactions and 0.1692 BTC<\/a> in fees on top of the 6.25 BTC<\/a> block subsidy.<\/p>\n

\"Bitcoin's
The two difficulty increases recorded on August 4th and 18th, 2022.<\/figcaption><\/figure>\n

Foundry is the top mining pool during the last three days, as it commands 46.81 EH\/s or 23.70% of the network\u2019s hashrate. Out of 422 BTC<\/a> blocks found in the last three days, Foundry discovered 100 blocks. The second-largest mining pool today is Antpool with 34.17 EH\/s or 17.3% of the network\u2019s hashpower.<\/p>\n

Bitmain\u2019s Antpool has found a total of 73 blocks out of the 422 discovered. There are 11 known mining pools today dedicating SHA256 hash toward the BTC<\/a> chain, and 1.9% of the hash is operated by unknown or stealth miners.<\/p>\n

Out of the 422 blocks found in 72 hours, unknown hash discovered eight blocks during that time frame. With the difficulty rises and the lower BTC<\/a> fiat values, there are fewer bitcoin mining pools mining BTC<\/a> this week than there were a few months ago.<\/p>\n

The most profitable bitcoin mining rig today is Bitmain\u2019s Antminer S19 XP with 140 terahash per second (TH\/s), and by paying $0.12 per kilowatt hour (kWh), the S19 XP gets an estimated $6.21 per day in bitcoin profit.<\/p>\n

Using the current 28.35 trillion difficulty, today\u2019s BTC<\/a> exchange rates, and $0.12 per kWh in electrical costs, a Bitmain S19 Pro+ Hydro with 198 TH\/s gets an estimated $5.36 per day in profit. Microbt\u2019s Whatsminer M50S and the Whatsminer M50 can get an estimated $2.59 to $3.95 a day in BTC<\/a> profit.<\/p>\n

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0.63% increase<\/a>, 28.35 trillion<\/a>, Antpool<\/a>, Bitcoin Miners<\/a>, Bitcoin mining<\/a>, block height 747936<\/a>, block height 749952<\/a>, Blocks<\/a>, BTC blocks<\/a>, BTC Mining<\/a>, BTC Mining pools<\/a>, DAA<\/a>, DAA decrease<\/a>, DAA rise<\/a>, difficulty<\/a>, difficulty increase<\/a>, Foundry<\/a>, Hashpower<\/a>, Hashrate<\/a>, mining<\/a>, Mining Pools<\/a>, Poisson distribution<\/a>, Satoshi Nakamoto\u2019s design<\/a><\/div>\n<\/div>\n

What do you think about the Bitcoin network\u2019s difficulty change on Thursday? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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