Bitcoin mining difficulty increased by 4% during the past day, reaching a high of 86.39 trillion hashes on April 10.
This uptick is consistent with the ongoing trend witnessed since the beginning of the year, highlighting the mounting computational challenges miners face on the leading digital asset network.
The increasing difficulty has occurred amid BTC’s rapid rise to more than $70,000 thanks to the bullish momentum fueled by spot exchange-traded funds and the impending halving event.
Mining difficulty
Bitcoin’s mining difficulty adjusts approximately every two weeks after completing 2,016 blocks. This critical process evaluates whether miners’ activities have resulted in shorter or longer block discovery times.
When mining difficulty increases, miners must allocate more computational power to mine a block. This surge indicates a rise in miners joining the network, intensifying the computational workload. Also, heightened difficulty contributes to a more robust blockchain, am
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