Bitcoin’s hashrate has been steadily climbing after dropping to 69 exahash per second (EH/s) on June 28, as it reached a high of 117 EH/s on Tuesday morning (EDT). The rise in hashpower will likely lead to the highest difficulty expansion in 89 days as estimates currently show a 7.39% increase is due in two days.
Bitcoin Block Rewards Expected to Be More Than 7% Harder to Find in 2 Days
In a touch more than two days’ time, Bitcoin’s mining difficulty is expected to jump over 7.3% as the crypto asset’s overall hashrate has improved a great deal. Since June 28, Bitcoin’s hashrate has jumped 69.56% and has been rising higher following the lift in market prices.
On July 15, Bitcoin’s hashrate hit a high of 130 EH/s holding just below that zone for the last 25 days, and once in a while, it has tried to surpass the metric. Bitcoin’s mining difficulty makes it more difficult for miners to find blocks and during the last epoch, it increased more than 6%. However, the largest increase since then was on May 13, 2021, when the difficulty increased by 21.53% that day.
The next difficulty change shows an estimate of around 7.39% and could increase higher if the hashrate continues to climb. This means that over the last month, the difficulty will be close to 13.39% higher in two days. At the time of writing, BTC’s mining difficulty is around 14.50 trillion, and it is expected to be around 15.57 trillion after the next difficulty change.
Besides the May 13 change, the
