Bitcoin mining difficulty hits new ATH after record 7.3% spike

Bitcoin mining difficulty hits new ATH after record 7.3% spike

Bitcoin mining difficulty has surged to a new all-time high, reaching 75.50T at block height 828,576 on Feb. 2, less than a month after its previous record-setting increase on Jan. 6.
Mining difficulty saw a significant increase of 7.33%, the highest this year, marking the most difficult period to mine Bitcoin in its history. This milestone highlights the growing challenges and computational demands faced by miners in the Bitcoin network as the next halving looms.
Halving on the horizon
The recent adjustment in mining difficulty is part of the network’s regular mechanism to maintain a consistent block discovery time of approximately 10 minutes. This latest increase reflects a notable shift from the previous adjustment on Jan. 20, 2024, which saw a 3.90% decrease in difficulty.
The Bitcoin network undergoes difficulty adjustments roughly every two weeks, adapting to changes in the network’s computational power to ensure stable and secure block discovery. With the difficulty now at 7

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