Bitcoin mining difficulty reached an all-time high

Bitcoin’s mining difficulty score increased by 3.45%.
According to bitcoin blockchain metrics, the bitcoin mining difficulty score rose 3.45%, to a new all-time high of 32.05 trillion. This was the fourth consecutive increase in this indicator – the previous time it jumped by 9.26%, which happened two weeks ago.
This figure followed the growing bitcoin hashrate, which reached its all-time high of 264.8 Eh/s in early September and then corrected slightly to 232.4 Eh/s in the middle of this week.
The previous hashrate peak was observed on June 11, and exactly one month before that, the bitcoin mining difficulty index was reaching its absolute record, but then went down after the cryptocurrency market reacted negatively to the collapse of the cryptocurrency Terra (Luna).
Note that global mining revenues began to rise in August after declines in July and June, reaching $684.3 million. There were changes in the composition of mining pools due to the difficulties faced by Poolin, as a result of which other participants in this segment of the cryptosphere had an opportunity to increase their share.
In Europe, bitcoin miners are relocating, given the strongly rising energy tariffs. For example, a significant influx of miners is currently observed in northern Norway, where energy rates are not as high as in Germany and France.
The growth of two key indicators of the bitcoin blockchain indicates the high sustainability of this distributed ledger, as well as the growth of investment in mining equipment in the world. Investors are paying attention to the fact that bitcoin is one of those rare assets in the world that, in its price movements, is beginning to manifest increasingly independent of U.S. Federal Reserve interest rate decisions.

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