Bitcoin Mining Difficulty to Jump 5.49% on October 16, Third-Largest Rise This Year
- —Difficulty rises 5.49%, from 132.72 trillion to roughly 140 trillion
- —Network hashrate reached 1.00 ZH/s as blocks came every 9.49 minutes
- —Revenue per terahash falls 5.20% while electricity costs stay unchanged
- —Daily output of about 450 BTC equals just 0.12% of $32.4 billion in daily turnover
Why it matters: Higher difficulty squeezes miner margins and could add selling pressure if BTC stays below $82,500.
Source: CryptoTicker