Potential issues for the halving: mining difficulty and hashrate on the Bitcoin network have reached an all-time high, with an increase of 3.92% to reach 86.39 trillion at block 838,656.
This significant increase in difficulty will result in a greater challenge in mining blocks, especially considering the approaching of the fourth halving event, with less than 1,250 blocks remaining before reaching block 840,000.
Let’s see all the details below.
The impact of hashrate and more on Bitcoin’s halving
As anticipated, on April 10th, the complexity of Bitcoin block extraction increased by 3.92% following the latest adjustment.
At the same time, the hashrate of the Bitcoin network has reached a new all-time high, reaching a peak of 641 exahashes per second (EH/s) according to the metric of the seven-day simple moving average (SMA).
This increase was triggered by the reduction of block intervals to less than 9 minutes on April 9, a faster pace compared to the traditional
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