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On Sunday, Nov. 20, 2022, Bitcoin\u2019s difficulty rise erased the recent 0.20% decline recorded two weeks ago, as the difficulty metric rose by 0.51% at block height 764,064. The increase on Sunday has pushed the difficulty rating to another all-time high, from 36.76 trillion to the current 36.95 trillion.<\/strong><\/p>\n Today it is 0.51% more difficult to find a Bitcoin (BTC<\/a>) block reward than it was for the last two weeks or 2,016 processed blocks. The 0.51% increase<\/a> has propelled the difficulty to a lifetime high at 36.95 trillion, outpacing the previous high recorded on Oct. 23, 2022. The difficulty increased during this retarget because block intervals were less than the ten-minute average, at nine minutes and 58 seconds. The average hashrate for the last 2,016 blocks was around \u200b\u200b264.3 exahash per second (EH\/s).<\/p>\n On Sunday, around 7:15 p.m. (ET), the global hashrate is around 261.29 EH\/s and eight days ago on Nov. 12, 2022, at block height 762,845, Bitcoin\u2019s hashrate tapped an all-time high at 347.16 EH\/s<\/a>. The next difficulty adjustment is due on or around Dec. 4, 2022,<\/a> and the current block generation time following the change is nine minutes and 26 seconds. The difficulty change is not good for bitcoin miners and BTC<\/a>\u2019s current fiat value isn\u2019t helping miners either.<\/p>\n Bitcoin\u2019s current value is more than 76% lower than the all-time high recorded on Nov. 10, 2021. The onchain analysis firm Glassnode explained on Nov. 18, 2022, that the bitcoin miner hash price has dropped to a lifetime low. \u201c[Bitcoin] miner hash price has plunged to a new all-time low of $58.3k per exahash per day,\u201d Glassnode tweeted<\/a>. \u201cWith [bitcoin] prices now down over 76% from the peak, the mining industry remains under immense pressure,\u201d the firm added.<\/p>\n Since Glassnode\u2019s tweet, the hash price per exahash has dropped<\/a> even lower on Nov 20. \u201cAs news of the FTX fallout broke last week, bitcoin miners distributed an additional 8.25K [bitcoin] to shore up their balance sheets. This leaves around 78K [bitcoin] in miner treasuries, and erases all balance growth in 2022,\u201d Glassnode added<\/a>. Three-day statistics recorded on Sunday show that Foundry USA has been the top mining pool with around 71.76 EH\/s or 27.36% of the global hashrate.<\/p>\n Foundry is followed by Antpool\u2019s 46.43 EH\/s, F2pool\u2019s 40.40 EH\/s, and Binance Pool\u2019s 37.99 EH\/s. Foundry, Antpool, and F2pool are followed by Viabtc and Braiins Pool, respectively. There are 13 known mining pools dedicating hashrate to the BTC<\/a> chain, and unknown hashrate otherwise known as stealth miners, command 2.76% of the global hashrate or 7.24 EH\/s. Miners successfully mined 435 bitcoin blocks which equates to 2,718.75 freshly minted BTC<\/a> worth $44 million, and the fees associated with those blocks.<\/p>\nBitcoin Difficulty Reaches All-Time High Nearing 37 Trillion, Leading Crypto Asset\u2019s Fiat Value Sinks Lower<\/h2>\n
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<\/p>\nHash Price per Exahash Slides, Bitcoin Miners Deploy 8.25K Bitcoin to \u2018Shore up\u2019 Balance Sheets<\/h2>\n
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