Bitcoin Average Difficulty Daily Trends: Bitcoin Statistics (2024)

FAQs

What is the average difficulty of Bitcoin? ›

Basic Info. Bitcoin Average Difficulty is at a current level of 92.67, up from 92.67 yesterday and up from 54.15 one year ago. This is a change of 0.00% from yesterday and 71.14% from one year ago.

Current Bitcoin Difficulty

The current BTC difficulty is 92.67 T at block 861,042, resulting in a Bitcoin mining difficulty decrease of 0.00% in the last 24 hours.

The difficulty is calculated by dividing the maximum possible target value by the target for the current block. So as you can see, the difficulty is just a representation of how far the current target has moved from the maximum possible target value. Internally in Bitcoin, it's only the target that adjusts.

The current price of Bitcoin (BTC) is 56,729 USD — it has fallen −0.58% in the past 24 hours. Try placing this info into the context by checking out what coins are also gaining and losing at the moment and seeing BTC price chart.

Network hash power increases when more miners contribute their computational power, increasing mining difficulty to keep block creation consistent. Block time consistency is also crucial, with cryptocurrencies like Bitcoin aiming for a steady block creation time.

The median is significantly less, at 1.34 addresses per user and the median address holding roughly 0.005 BTC, the median entity would have roughly 0.0067 BTC, or around $180.90.

Bitcoin Price Summaries

Bitcoin's price today is US$56,475.99, with a 24-hour trading volume of $30.46 B. BTC is -0.35% in the last 24 hours. It is currently -3.41% from its 7-day all-time high of $58,471.55, and 7.11% from its 7-day all-time low of $52,729.45.

There is no ongoing event on the Bitcoin network.

The chances of a solo miner beating the rest of the world to a block's target hash are nearly zero — no matter their mining rigs' power. In Bitcoin's early days, mining difficulty was relatively low due to the lack of miners. Block rewards were also much higher, with miners earning dozens of Bitcoin per block.

Mining difficulty in the Bitcoin network is adjusted automatically after 2,016 blocks have been mined in the network. An adjustment of difficulty upwards or downwards depends on the number of participants in the mining network and their combined hashpower.

Why is Bitcoin difficulty 10 minutes? ›

The bitcoin difficulty adjustment algorithm, while simple and elegant, is one of bitcoin's key technological breakthroughs. It ensures that no matter how much (or how little) computational resources are dedicated to mining new blocks, a new block is only mined every 10 minutes, on average.

The difficulty then, is simply the inverse of the target. If the target is raised, this makes it easier for miners to find a hash below the target, so the difficulty has been lowered. Likewise, if the target is lowered, the difficulty has been raised.

Price of BTC today

The live price of Bitcoin is $ 60,053.44 per (BTC / USD) with a current market cap of $ 1,186.31B USD. 24-hour trading volume is $ 17.06B USD. BTC to USD price is updated in real-time.

Most cryptocurrency trading commonly occurs between 8 a.m. and 4 p.m. UTC, and while the markets remain open 24/7, most trades are executed during this period. There may still be activity outside of this timing, but it will be lighter, and you could find it more challenging to open and close trades.

Trend trading involves identifying and following the direction of the market trend. Traders use indicators like Moving Averages, ADX (Average Directional Index), and the Ichimoku Cloud to determine the prevailing trend. Trend trading helps crypto traders capitalize on sustained price movements.

2014 was yet another seemingly “up only” year for difficulty, with 28 increases, and two small decreases of 0.73% and 1.39% to round out the year. The average difficulty change was plus 10.9% with a standard deviation of plus 6.57%.

Buying Bitcoin is a journey that involves careful planning, research and attention to security. Whether using traditional exchanges, mobile apps or peer-to-peer platforms, understanding each step is important — from selecting a reliable wallet to choosing the right purchase method.

Bitcoin's Blockchain Technology

Bitcoin as a form of digital currency isn't hard to understand. For example, if you own a bitcoin, you can use your cryptocurrency wallet to send smaller portions of that bitcoin as payment for goods or services. By contrast, the way Bitcoin actually works is very complex.