After reaching a record high two weeks ago, the difficulty of mining bitcoin has decreased by 0.5%

According to data from BTC.com, Bitcoin’s mining difficulty decreased by 0.5% in the two weeks leading up to Sunday after reaching a record high in the previous adjustment. The difficulty, which fluctuates about every two weeks, is an indicator of how much computer power is required to mine bitcoin blocks in order to receive Bitcoin rewards.

Quick Facts

Following a 4.68% increase in the prior adjustment on January 29, the mining difficulty reading for the most recent biweekly adjustment on Sunday came in at 39.16 trillion at block height 776,160.

The most recent reading for the difficulty of mining bitcoins was 46.7% higher than the previous reading from February 4 of last year, which was 26.69 trillion.

Bitcoin’s hashrate, a measure of computational power used by miners, was at around 315.9 exahashes per second on Sunday, slightly up from 311 exahashes on Jan. 29, BTC.com data showed.

According to data from CoinMarketCap, the price of Bitcoin dropped 0.3% over the previous day to trade at US$21,744 at 10:40 a.m. in Hong Kong, representing a loss of 5.34% over the previous seven days. Over the previous month, the greatest cryptocurrency by market capitalization increased 9.2%.

According to BitInfoCharts statistics, the profitability rate of Bitcoin mining was US$0.0729 per terahash per second in the last 24 hours, down from US$0.184 from a year ago.