Bitcoin’s mining difficulty increased by 3.45% at block height 753,984 to 32.05 trillion hashes.

This is the second significant recent increase. On Aug. 31, the difficulty jumped by 9.26%.

Given bitcoin’s compressed value, withrecent declineson high CPI numbers, and apossible bottomingout as low as $10,000,profitability is narrowingfor miners.

Despite concerns about profitability, the average hash rate remains above 200 exahash per second at 229.39 EH/s, close to the all-time high of 231 EH/s.

On-chain data shows that DCG-owned Foundry USA is currently contributing 28% of the total global hash rate followed by AntPool at 16.15%.

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