{"id":122738,"date":"2020-11-30T03:00:05","date_gmt":"2020-11-30T00:00:05","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-mining-difficulty-approaches-ath-as-price-stabilizes-above-18k\/"},"modified":"2020-11-30T03:00:05","modified_gmt":"2020-11-30T00:00:05","slug":"bitcoin-mining-difficulty-approaches-ath-as-price-stabilizes-above-18k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-mining-difficulty-approaches-ath-as-price-stabilizes-above-18k\/","title":{"rendered":"# Bitcoin mining difficulty approaches ATH as price stabilizes above $18K"},"content":{"rendered":"<p>&#8220;<strong># Bitcoin mining difficulty <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roaches ATH as price stabilizes above $18K  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMTEvYTcyMTBhY2EtZThjNi00NTNlLWFkMDctYTU1NzQ0OWVkYWI4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>The price of Bitcoin has reached a two-year high of more than $19,000 and fallen below $17,000 more than once in the span of a week as mining difficulty continues to rise.<\/p>\n<p>According to on-chain analytics provider Glassnode, Bitcoin (BTC) mining difficulty increased by 8.9% today, putting the metric within 5% of its all-time high value set last month. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> mining difficulty increased by 8.9% today.<\/p>\n<p>It is now only 4.4% below its ATH.<\/p>\n<p>Chart: <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/t.co\/qtmuDmTfGS\">https:\/\/t.co\/qtmuDmTfGS<\/a> <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/t.co\/1eX63yBAgc\">pic.twitter.com\/1eX63yBAgc<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/glassnode\/status\/1333153993103716352?ref_src=twsrc%5Etfw\">November 29, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>A rise in mining difficulty marked the start of bull cycles in 2013 and 2016, though it remains to be seen whether the coin\u2019s recent rally to within 3% of its ATH price is long-term bullish. The price of Bitcoin fell by 11% last week as many whales moved some of their holdings to exchanges and is $18,122 at the time of publication. <\/p>\n<p>Greater mining difficulty can mean an increase fees for users and the time required to generate a block in addition to increasing the number of unmined transactions in Bitcoin\u2019s mempool. According to estimates from Earn.com, the optimal BTC transaction fee <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/bitcoinfees.earn.com\/\">is<\/a>\u00a0currently 14,272 satoshis, or roughly $2.60. <\/p>\n<p>The Ethereum (ETH) blockchain has also seen record highs recently. Glassnode <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/glassnodealerts\/status\/1332281972027232257\">reported<\/a> mining difficulty for the network was at a two-year high on Friday following the price of the token falling from more than $600 on Nov. 23 to $513 in three days.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<p>The network hash rate \u2014 an indication as to how much computing power is being dedicated to validating Bitcoin transactions \u2014 plunged following the metric and mining difficulty reaching an ATH in October. Data from Blockchain.com <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.blockchain.com\/charts\/hash-rate\">shows<\/a> the metric fell more than 27% between Oct. 17 and Nov. 2, from 146.5 EH\/s to 106.6 EH\/s. Bitcoin\u2019s hashrate <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/btc.com\/stats\/diff\">is<\/a> currently 130.15 EH\/s, according to BTC.com. <\/p>\n<p>At the time of publication, the price of Bitcoin is staying above $18,000, having risen 1.9% in the last 24 hours. <\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-mining-difficulty-approaches-ath-as-price-stabilizes-above-18k\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin mining difficulty approaches ATH as price stabilizes above $18K &#8221; The price of Bitcoin has reached a two-year high of more than $19,000 and fallen below $17,000 more than once in the span of a week as mining difficulty continues to rise. According to on-chain analytics provider Glassnode, Bitcoin (BTC) mining difficulty increased&#8230;<\/p>\n","protected":false},"author":1,"featured_media":122739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/a7210aca-e8c6-453e-ad07-a557449edab8.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74989,74937,75042,117],"class_list":["post-122738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-mining","tag-bitcoin-price","tag-mining","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/122738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=122738"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/122738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/122739"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=122738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=122738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=122738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}