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Figure 31: Difficulty of mining From the graph in Figure 31, we can see that the difficulty of mining Bitcoin is getting bigger and bigger day by day. In the current scenario, the mining rate is around 43 EH/sec. The data shows that during 2016, the difficulty was very low, and several CPU and GPU mining hardware could also mine the Bitcoin. However, after 2016, the difficulty rate increased exponentially making very difficult of CPU and GPU hardware to mine the Bitcoin. As of today, ASIC miners are the only hardware that can mine Bitcoin. 566,496 564,480 562,464 560,448 558,432 556,416 554,400 552,384 550,368 548,352 Height Difficulty Change Average Block Average Hashrate 6,068,891,541,676 - 6.07 T - 0.05 % 10 min 00 s 43.44 EH/s 6,071,846,049,920 - 6.07 T 0.0017% 09 min 59 s 43.45 EH/s 6,061,518,831,027 - 6.06 T 0.0425% 09 min 36 s 43.38 EH/s 5,814,661,935,891 - 5.81 T - 1.18 % 10 min 08 s 41.59 EH/s 5,883,988,430,955 - 5.88 T 0.0472% 09 min 33 s 42.10 EH/s 5,618,595,848,853 - 5.62 T 0.1003% 09 min 06 s 40.16 EH/s 5,106,422,924,659 - 5.11 T - 9.56 % 11 min 03 s 36.55 EH/s 5,646,403,851,534 - 5.65 T 6,653,303,141,405 - 6.65 T - 15.13 % 11 min 47 s 40.40 EH/s - 7.39 % 10 min 48 s 47.61 EH/s 7,184,404,942,701 - 7.18 T 0.0002% 10 min 00 s 51.37 EH/s 48PDF Image | Analysis of Bitcoin Cryptocurrency and Its Mining Techniques
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