Chain data shows that bitcoin’s mining complexity crossed an all-time high as a result of the latest spike, the second in two weeks.

• Bitcoin’s mining complexity increased 3.45% at a block height of 753,984 to 32.05 trillion hashes.
• This is the second significant increase in recent times. On August 31, the complexity jumped 9.26%.
• Given the compression in bitcoin’s value, the recent drop amid high CPI numbers, and the possible bottom at $10,000, profitability for miners is declining.
• 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.
• Chain data shows that DCG-owned Foundry USA currently provides 28% of the total global hashrate, followed by AntPool with 16.15%.
• CoinDesk is an independent subsidiary of Digital Currency Group, a crypto-oriented conglomerate that also owns Grayscale and TradeBlock.