Bitcoin’s hashrate explodes, resulting in significant difficulty adjustment

After a period of surging hashrate and a high block production rate, we got a significant change in mining difficulty this week, with an increase of 13.55% - the highest since May 2021.
Source: Blockchain

The Bitcoin hashrate continued its push higher last week, peaking at a new record 7-day average of 258 EH/s.

The massive increase in hashrate lately resulted in the largest difficulty increase since May 2021. If the bitcoin price stays around the same levels for the rest of 2022, it’s not unlikely that we just saw the peak hashrate of the year.

Link copied to clipboard.