As a result of the next recalculation of the mining difficulty (May 11, 2022), the indicator increased by 4.89% and reached a record high of 31.25 T.
Recall that in 2022, the indicator was adjusted negatively only three times. Maximum reduction was 1.49%.
Since the previous recalculation, the average hashrate has reached 223.7 EH/s.
In 2022, the hashrate increased by approximately 32%.
Arcane Research specialists noted the pressure on the profitability of mining due to the decline in the price of bitcoin and the growth of the hashrate. But at the time of their analytics, Bitcoin was trading at levels of about $40,000. On May 10, digital gold quotes dropped below $30,000.
We also recently reported on the fall in the income of bitcoin miners.