The bitcoin difficulty chart provides the current bitcoin difficulty btc diff target as well as a historical data graph visualizing bitcoin mining difficulty chart values with btc difficulty adjustments both increases and decreases defaulted to today with timeline options of 1 day 1 week 1 month 3 months 6 months 1 year 3 years and all time. The network hit this monumental milestone seven days before the notorious block reward halving. Bitcoin hashrate lost 47 exahash of hashrate since the ath difficulty sees a 6 downward adjustment just before the third bitcoin halving which cut miner revenue by 50 the overall btc hashrate spiked to around 140 eh s on may 3 2020.
The bitcoin network adjusts its mining difficulty every 2016 blocks or every. Also this drop in the mining difficulty is during the bitcoin network s first difficulty adjustment since the halving. The amount of computing power connected to bitcoin has been on a roller coaster ride over the past two weeks.
As such bitcoin s mining difficulty which measures how hard it is to compete for block rewards decreased 6 to 15 14 trillion at 2 00 utc on wednesday in the network s first biweekly difficulty adjustment since the halving. If the same price action follows the most recent halving this sideways price action will continue until bitcoin price finally breaks to the upside. During each post halving phase bitcoin price also traded sideways the entire time setting the base from which the bull market began from.
Bitcoin btc difficulty set its second largest difficulty level ever on tuesday may 5 as miners hold in line for the block reward halving expected in the coming week. Bitcoin btc final difficulty adjustment before halving raises concerns on miner s survival. This resulted in a precipitous drop in the hashrate and a spike in transaction fees.
With miners revenue cut in half some miners with older model mining hardware were forced to leave the bitcoin network due to unprofitability. We are now in the 6 25 block subsidy era after the recent halving. The difficulty has decreased from 16 1 trillion to 15 14 trillion which is about a 6 downward adjustment providing miners who have survived so far with some relief.
May 24 2020 the third bitcoin btc halving has settled and the bitcoin network has just experienced its first difficulty adjustment post third halving. Just like the bitcoin halving had several countdown clocks erected by cryptocurrency data providers the difficulty adjustment has its own countdown clock the bitcoin difficulty estimator. Bitcoin mining difficulty drops by 6 in first adjustment after halving the bitcoin network just fine tuned a key parameter to coax back miners who quit after last week s halving hammered their.
