Bitcoin Mining Difficulty Set to Rise Amid Low Hashprice
- The next Bitcoin mining difficulty adjustment is scheduled for December 11, projected to increase from 149.30 trillion to 149.80 trillion.
- Hashprice currently sits at $38.3 petahashes per second (PH/s) per day, below the break-even level of $40 PH/s.
- The previous adjustment on Thursday decreased difficulty from 152.2 trillion to the current level, resulting in an average block time of approximately 9.97 minutes.
- Challenges facing miners include rising energy costs and geopolitical tensions affecting equipment supply chains.
- The U.S. Department of Homeland Security is investigating Bitmain, a major mining hardware manufacturer, over potential espionage concerns.
As Bitcoin’s mining difficulty is set to rise while hashprice remains near record lows, miners face increasing pressure to maintain profitability amidst regulatory scrutiny and rising operational costs.
With hashprice hovering around $38.3 PH/s and the upcoming difficulty adjustment expected to increase, miners may need to reassess their operations soon.
