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Bitcoin Mining Difficulty Projected to Rise Up to 5.0% on October 29

Bitcoin mining difficulty is projected to rise by 4.8% to 5.00% around October 29, reaching approximately 147.6 trillion from its current 140.58 trillion level. The upward adjustment is fueled by expanding computing power, with network hashrate averaging roughly 1,075 EH/s to 1.08 ZH/s. This follows earlier October estimates ranging up to 6.44% and an actual 5.92% increase on October 16. The rising difficulty coincides with Bitcoin trading around $80,163, squeezing miner economics as daily revenue per exahash dropped 18.4% over 30 days to approximately $33,600.

Category

Bitcoin

Sentiment

Neutral

Event

Crypto native

Reading time

1 min