Bitcoin (BTC) While the price continues its horizontal course at $19,000. Bitcoin mining difficulty continues to break new records.
BTC With the inclusion of new miners in its network, the competition among miners is increasing.
BTC in this context. As of October 10, mining difficulty reached an all-time high of 35.61 trillion hashes, according to data from com.
According to the data obtained, the mining difficulty reached 35.61 trillion hashes, while the hash rate reached 260.22 EH/s.
Compared to other increases, this is the sharpest increase (13.55%) since May 13, 2021.
As it will be remembered, at the end of August, the mining difficulty had increased by 9.26%. With this increase, BTC mining difficulty experienced the second largest increase in 2022.
What is Bitcoin Mining Difficulty?
Bitcoin difficulty is an automatically adjusted property that determines how difficult it is to mine a Bitcoin block.
The mining difficulty of the Bitcoin network changes every 2,016 blocks and is automatically updated. The reason for this is to keep the average block production time as 10 minutes.
According to the latest data, BTC difficulty has increased by 13% to reach 35.61 trillion. This increase made it the largest increase in Bitcoin mining difficulty since May 2021. Increasing BTC mining difficulty makes it harder for miners to compete.
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