As a result of the latest recalculation, the mining complexity of the first cryptocurrency increased by 10.5% – to 90.67 T.
The average hashrate since the previous change was 933.84 EH/s, with a block interval of less than seven minutes.
According to Glassnodesmoothed by a 7-day moving average, the computing power indicator reached maximum values of around 637 EH/s.
After difficulty update hashprice dropped to $48.25 per PH per day (Hashrate Index).
In July, BRN analyst Valentin Fournier noted that Bitcoin mining companies may have begun a new phase of accumulating coins in order to profit from the asset’s potential growth.
That same month, MARA (formerly Marathon Digital) increased its holdings to 20,000 BTC (~$1.3 billion). The mining company spent an additional $100 million on this purpose.
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Source: Cryptocurrency
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