Bitcoin Hashrate Nears Record High As Mining Difficulty Set To Increase

According to Odaily, data from Luxor's hashrateindex.com reveals that Bitcoin's hashrate is currently hovering around 660 EH/s, just 17 EH/s below the peak of 677 EH/s recorded on July 25, 2024. Despite a recent 4.19% decrease in mining difficulty, analysts suggest that this reduction may soon become a thing of the past. On August 28, Bitcoin's mining difficulty is expected to increase by 4% or more, potentially pushing it to an all-time high of 90.67 T.