According to BTC.com, Bitcoin mining difficulty increased 0.51% to an all-time high in Monday’s biweekly adjustment, despite the price of Bitcoin falling more than 22% in the previous two weeks. So far in 2022, the difficulty of mining Bitcoin has increased by more than 51%, while the price of Bitcoin has decreased by 65%. The difficulty of mining bitcoin blocks to be rewarded with Bitcoins changes roughly every two weeks, and it correlates with changes in how much computing power is used for mining bitcoin blocks to be rewarded with Bitcoins. Bitcoin’s seven-day average hashrate was around 256 exahashes per second on Sunday, down from around 266 exahashes two weeks ago, according to Blockchain.com data. According to the data, the mining difficulty reading was 36.95 trillion as of block height 764,064.
