BTC Mining Difficulty Hits Record High of 30.98 Trillion

• The mining difficulty of BTC reached an all-time high of 30.98 trillion, after increasing by 9% in the last 14 days.
• The network’s hash rate runs high at 221.72 (EH/s) after reaching an all-time high of 271.19 EH/s on April 23, 2022, at block 733,197.
• Foundry USA led the top miner, capturing 109 blocks out of 461, representing 23.64% of the global hash rate.

Wednesday, August 31, became the most challenging time in history to mine one Bitcoin (BTC) after block 751,968 got out. The mining difficulty of the world’s biggest cryptocurrency reached an all-time high of 30.98 trillion, according to data available by BTC.com, after increasing by 9% in the last 14 days.

Currently, and for the next two weeks, Bitcoin’s difficulty will be 30,977,051,760,460 until the subsequent adjustment. The measure has climbed by over 9% since the last time, with three positive and two negative readjustments from the previous month.

On the other side, Bitcoin’s network hash rate is running high at 221.72 exahash per second (EH/s) after reaching an all-time high of 271.19 EH/s on April 23, 2022, at block 733,197.

The data from BTC.com further revealed that Foundry USA led the top mining pool capturing 109 of the 461 blocks. Foundry commands  23.64% of the global hash rate. While Binance Pool was at a distant sixth position with 8.24%, KuCoin Pool made barely 1% of the network share.

Bitcoin network difficulty is estimated to drop 0.07% during the subsequent difficulty adjustment. Although the estimation could change over the next two weeks. The next difficulty retargeting will happen around September 14, 2022.

Bitcoin currently trades at $20,254, down by 0.7% in the past 24 hours, according to data from CoinMarketCap. Likewise, the current circulating supply of bitcoin is 19,137,350, with a market value of nearly $400 billion.