- Bitcoin’s mining difficulty has reached an all-time high, making it more challenging to mine new blocks.
- The network’s hash rate has increased to 504.63 exa-hashes per second.
- Previously, the Bitcoin network experienced a one-hour block production disruption.
The Bitcoin network has recently hit a significant milestone regarding the difficulty level of mining a new block. In particular, according to statistics from Bitcoin Blockchain Explorer, BTC experienced a mining difficulty adjustment at block height 818,496. This adjustment has increased the mining difficulty by 5.07%, reaching a new high of 67.96 tera-hashes per second.
The prominent Chinese reporter Colin Wu called attention to this development in a recent statement on the X platform.
Bitcoin mining difficulty ushered in a mining difficulty adjustment at block height 818496. The mining difficulty was raised by 5.07% to 67.96 T, continuing to hit a record high. The current average hashrate of the entire network is 504.80 EH/s. https://t.co/vgAkEgyDOf— Wu Blockchain (@WuBlockchain) November 26, 2023
Significantly, the recent adjustment suggests that mining new blocks is now 5.07% more challengin…
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