Bitcoin Mining Difficulty Rises 5.54% to 148.36 Trillion

Bitcoin (BTC) mining difficulty rose 5.54% to 148.364561 trillion Thursday, Oct. 29, increasing the computing work required to mine blocks as a modeled one-PH/s operation faced a power-cost shortfall. The adjustment took effect at block 973,728 at 3:14:58 p.m. ET (19:14:58 UTC). It followed a 5.92% increase on Oct. 16, which brought difficulty to 140.577680 trillion. The latest increase was smaller than the 6.44% rise in an earlier projection for the adjustment . The Oct. 16 change was the previous adjustment . A network-level hashprice estimate stood at $32.9757 per PH/s per day at 8 a.m.