Bitcoin Mining Difficulty Increases By 1.48% To 84.38 T

According to PANews, recent data from BTC.com indicates that the difficulty of Bitcoin mining has undergone an adjustment. This change occurred at block height 844,704, timestamped 2024-05-23 14:18:50. The mining difficulty has been increased by 1.48%, reaching 84.38 T. The current average network hash rate stands at 612.18 EH/s. This adjustment in mining difficulty is a significant event in the Bitcoin network. It directly impacts the computational resources required to mine new blocks and validate transactions. The increase in difficulty suggests that more computational power is being dedicated to the network, which can be seen as a sign of increased security and robustness. The average network hash rate, which is a measure of the processing power of the Bitcoin network, is also an important factor to consider. A higher hash rate indicates a higher level of security, as it would require an immense amount of computational power to attack the network. The current average network hash rate of 612.18 EH/s further underscores the strength and security of the Bitcoin network.