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Bitcoin’s self-referential difficulty adjustment kicked into gear Sunday with a 10.2% increase. The change followed a -3% drawdown two weeks previously, on January 2. At 37.59 T, Bitcoin’s difficulty is now again at an all time high.
Hashprice–a metric for assigning revenue per unit of hashrate–briefly set a three month record at $0.076/TH before dropping to $0.071/TH Monday, according to Hashrate Index. Hashprice is up 20% since January 1.
The price pump is a welcome site following three months of consistent price drops and unfavorable difficulty swings. Outside of December’s -7.3% downwing–the largest in 2022 brought on by a cold snap in Texas–difficulty has been up and to the
right.
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