Bitcoin mining difficulty dipped by 5% 79.5T in the latest update, potentially spelling some relief after recent all-time highs in hashrates pushed difficulty to near 90 terahashes.
Bitcoin mining difficulty dropped by more than 5% on July 5 to a quarterly low of 79.50 terahashes . This marked the largest reduction since March when the difficulty briefly dipped below 80T.
Hashrates are updated every 2,016 blocks — which takes approximately two weeks. Over Bitcoin’s lifetime, hashrates have typically grown month over month with few exceptions. Under the current difficulty measure of 79.5T, mining pool F2Pool estimates that an ASIC rig with a watts per terahash efficiency rate of 26 or better would be profitable as long as Bitcoin’s price doesn’t dip below the $54,000 threshold.
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