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Bitcoin Mining Difficulty Hits Record High, According to BTC.com Data

11/04 08:15

According to PANews, BTC.com data reveals that the difficulty of Bitcoin mining has reached a new historical peak. The adjustment in mining difficulty occurred at block height 838,656, dated April 11, 2024, at 05:17:33. The mining difficulty has been increased by 3.92% to 86.39 T, marking a new record. The current average network computing power stands at 629.72 EH/s. This increase in mining difficulty is a significant development in the Bitcoin mining industry. The adjustment in difficulty level is an inherent feature of the Bitcoin network, designed to maintain the average time between blocks at around ten minutes. As more miners join the network, the difficulty increases, ensuring the stability and security of the Bitcoin blockchain. The current average network computing power, or hash rate, is a measure of the processing power of the Bitcoin network. When the hash rate increases, it indicates more miners are contributing their computational power to the network, increasing its overall security. The recent increase in Bitcoin's mining difficulty and the corresponding rise in the network's hash rate underscores the growing interest and investment in Bitcoin mining.

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