Bitcoin’s mining difficulty has reached a new all-time high, surging above 136 trillion and signaling increased activity among miners. According to blockchain analytics platform CryptoQuant, the network’s mining difficulty has been steadily rising since mid-July.
Mining difficulty measures how challenging it is for miners to solve cryptographic puzzles and validate new blocks. The system aims to maintain approximately 10-minute block creation times to secure the decentralized network and ensure sustainable creation of new BTC coins. When blocks are mined too quickly, difficulty increases, and when blocks are mined too slowly, it decreases. These adjustments occur every 2,016 blocks, typically completed within two weeks.
The last decrease in Bitcoin’s mining difficulty occurred on July 10, when it dropped to approximately 116.95 trillion. Since then, the metric has maintained an upward trajectory, indicating that more miners have joined the network with advanced mining equipment to increase their chances of earning BTC rewards.
The blockchain’s hashrate data supports this trend, showing increased miner activity. Bitcoin’s hashrate, which represents the computing power miners use to process transactions, reached 1.041 trillion in the past 24 hours according to CryptoQuant data. This marks the highest value since August 29.
While some Bitcoin mining companies have recently shifted attention to the Ethereum network, new players continue joining the Bitcoin mining ecosystem. As mining difficulty reaches record levels, Bitcoin’s price has also seen modest gains, trading at $11,000 at the time of writing, representing a 3% increase over the past seven days according to CoinMarketCap.
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