On March 9, as a result of another recalculation, the mining difficulty of the first cryptocurrency increased by 1.43% to 112.15 T.
The increase did not compensate for the 3.15% correction that occurred two weeks ago. However, the figure approached the historical peak reached in January at 114.17 T.
According to Glassnode, the hash rate (smoothed by a seven-day moving average) also hasn't recovered to the February ATH of 844.95 EH/s. The current value is 813.5 EH/s.
Bitcoin mining difficulty and hash rate. Source: CloverPool.
Bitcoin mining difficulty is an indicator that reflects how difficult it is to calculate the solution for finding a new block and receiving a mining reward. The main goal of this adjustment is to maintain the average block finding time at around 10 minutes, regardless of changes in the network's total computational power.
Approximately every 14 days (every 2016 blocks), this value changes, regardless of the network's hash rate.
If the block finding time is less than 10 minutes, the difficulty increases, and if it takes longer, the difficulty decreases. Mining difficulty depends on the network hash rate and the time spent finding previous blocks. The higher the mining difficulty, the lower the profitability indicator.
The next difficulty recalculation should occur in 14 days, approximately on March 23, 2025.
According to Hashrate Index, the hash price dropped to February's minimum levels around $46 per PH/s per day. Besides the difficulty, price correction, which on March 10 dropped to $80,000, puts pressure on Bitcoin mining profitability.
The next recalculation will approximately take place on March 23, 2025.