Bitcoin Mining Difficulty Reaches All-Time High with Sixth Consecutive Surge

Bitcoin’s mining difficulty hits a new record at 67.96 trillion after a 5.07% increase, marking the sixth consecutive rise. Despite the significant uptick in difficulty over the past two months, miners continue to push the hashrate to unprecedented levels, reaching 507 exahash per second.

On November 25, 2023, Bitcoin experienced its sixth consecutive surge in mining difficulty, setting a new record at 67.96 trillion after a 5.07% increase. This marks a substantial 23.27% rise in difficulty over the past 68 days since the last adjustment on September 19, 2023. The challenging environment hasn’t deterred miners, as the hashrate’s seven-day moving average reached an all-time high of 507 exahash per second on the same day.

Despite the increased difficulty, miners are consistently achieving remarkable results, showcasing the resilience of the Bitcoin network. The high difficulty level, now firmly established, demands significant computational effort from miners to uncover blocks. This elevated difficulty underscores the ongoing commitment of miners to the network’s security and the decentralized nature of Bitcoin.

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