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Bitcoin mining difficulty reaches new all-time high

Mining: Bitcoin mining difficulty reaches new all-time high

On February 15, 2024, bitcoin mining difficulty reached a new milestone, reaching an all-time high of 81.73T.

Since the previous adjustment, this figure has increased by 8.24%, according to BTC.com. Currently, the average hashrate on the bitcoin network is 571.22 EH/s.

It is important to note that mining #difficulty determines the total power required from the hardware when mining cryptocurrency.

Bitcoin mining difficulty reaches new all-time high
Bitcoin mining difficulty and current hash rate. Data: BTC.com.

In addition, the increase in this indicator brings the #halving date closer. This event could happen as early as April 2024.

The next recalculation will tentatively happen on March 1. According to BTC.com, the forecast indicates a decrease in difficulty by 1.24%.

Recall that on February 2, 2024, the difficulty of bitcoin mining reached the milestone of 75.50T.

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