{"id":19111,"date":"2023-03-25T15:50:13","date_gmt":"2023-03-25T15:50:13","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-difficulty-increases-for-third-time-in-six-weeks-miners-remain-undeterred-with-high-hashrate-mining-bitcoin-news\/"},"modified":"2023-03-25T15:50:13","modified_gmt":"2023-03-25T15:50:13","slug":"bitcoin-difficulty-increases-for-third-time-in-six-weeks-miners-remain-undeterred-with-high-hashrate-mining-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-difficulty-increases-for-third-time-in-six-weeks-miners-remain-undeterred-with-high-hashrate-mining-bitcoin-news\/","title":{"rendered":"Bitcoin Difficulty Increases for Third Time in Six Weeks, Miners Remain Undeterred With High Hashrate \u2013 Mining Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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On March 23, 2023, bitcoin experienced another difficulty increase, following two previous rises in the last month, jumping 7.56% higher. Currently, bitcoin miners have not been deterred by the increases, as the network hashrate has been coasting along at 346 exahash per second (EH\/s).<\/strong><\/p>\n

Bitcoin Hashrate Remains High Despite Recent 7.56% Difficulty Rise<\/h2>\n

As of writing, there are more than 1,700 blocks left until the next difficulty retarget on April 5, 2023. Despite the difficulty increase on March 23 at block height 782,208, the hashrate remains high, and block intervals are still faster than the 10-minute average. The April 5 change is expected to be about 6.9% higher<\/a>, as block times have been between nine minutes and 21 seconds and nine minutes and 14 seconds.<\/p>\n

\"Bitcoin<\/p>\n

The increase at block height 782,208 was 7.56% higher<\/a> than the difficulty over the previous two weeks. Prior to that, on Feb. 24, 2023, at block height 778,176, the difficulty rose 9.95%, and on March 10, 2023, at block height 780,192, the difficulty jumped by 1.16%. This means that over the last six weeks, bitcoin miners have dealt with three consecutive difficulty increases that amount to a total of 18.67%.<\/p>\n

Currently, the difficulty is 46.84 trillion and is only 3.16 trillion hashes away from reaching the 50 trillion mark for the first time. If the current estimated 6.9% increase comes to fruition, by April 5, 2023, the difficulty could reach 53.74 trillion. Statistics show that March bitcoin mining revenue may end up slightly lower than February\u2019s $613 million. Incomplete monthly data shows that miners have collected $561 million since March 1.<\/p>\n

In the last three days, 488 BTC<\/a> blocks were mined into existence, with Foundry USA discovering 149 of them. Foundry\u2019s hashrate across the three-day span is around 105.71 EH\/s or 30.53% of Bitcoin\u2019s total network hashrate. Foundry is followed by Antpool (73.78 EH\/s), F2pool (51.79 EH\/s), Binance Pool (34.76 EH\/s), and Viabtc (31.93 EH\/s). Together, Foundry and Antpool command 51.84% of Bitcoin\u2019s global hashrate.<\/p>\n

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\nTags in this story
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Algorithm<\/a>, Antpool<\/a>, Binance Pool<\/a>, Bitcoin<\/a>, Bitcoin Miners<\/a>, Bitcoin mining<\/a>, Block Height<\/a>, Blockchain<\/a>, BTC Mining<\/a>, Cryptocurrency<\/a>, Currency<\/a>, Decentralized<\/a>, difficulty increase<\/a>, Digital<\/a>, encryption<\/a>, F2Pool<\/a>, Finance<\/a>, Foundry USA<\/a>, Hashrate<\/a>, investment<\/a>, market<\/a>, mining<\/a>, mining bitcoin<\/a>, Mining BTC<\/a>, network<\/a>, Peer-to-peer<\/a>, revenue<\/a>, reward<\/a>, Scalability<\/a>, Security<\/a>, technology<\/a>, trading<\/a>, Transaction<\/a>, ViaBTC<\/a>, virtual<\/a><\/div>\n<\/div>\n

What do you think the future holds for bitcoin miners as the difficulty continues to increase? Share your thoughts 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 6,000 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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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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