Bitcoin mining reached a new level with the difficulty update in block number 818496 in the blockchain.
Mining difficulty on the Bitcoin network increased by 5.07% after the update 67.96 trillion reached a record point.
The difficulty level on the Bitcoin network has been increasing since the beginning of the year as a result of updates made to ensure stability. Difficulty updates occur approximately every two weeks (every 2,016 blocks) to maintain an average block mining time of 10 minutes.
miners halving trying to generate as much income as possible before in total hash rate The increase continues. Hash rate, in the last 3 months more than 30% increased to 502 million TH/s.
After the halving, which will take place in April/May 2024, Bitcoin miners will earn more per block they mine. 3,125 Bitcoins instead of 6.25 they will win.