Following a recent increase, Bitcoin Difficulty is expected to increase by 3.82% to an all-time high of 39 trillion

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On Sunday, January 29, 2023, the Bitcoin network is predicted to see a significant difficulty increase once more, rising 3.82% higher. The adjustment comes after the previous difficulty retarget, which saw a 10.26% increase to reach the current all-time high of 37.59 trillion.

How Faster Discovery is Impacting Bitcoin Difficulty
According to current projections, the Bitcoin network’s difficulty will rise by around 3.82% in less than 24 hours. Currently at an all-time high (ATH) of 37.59 trillion, the mining difficulty is predicted to reach 39.03 trillion with a 3.82% increase. Each participating miner must do 39.03 trillion hashes in order to mine a block at that degree of difficulty since the amount of hashes required to generate a block is directly proportional to the difficulty level.

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Bitcoin mining difficulty estimation on Jan. 27, 2023, at 9:00 a.m. Eastern Time, shows an estimated 3.82% increase on Jan. 29, 2023.

Lower than the 10-minute average, the typical Bitcoin block time has been between 8:54 and 9:31 minutes. The estimated increase anticipated on January 29 is linearly related to this as well.

This is such that the 2,016 blocks between difficulty retargets are found faster than the two-week average when blocks are found faster than the 10-minute average. The mining challenge of the Bitcoin system consequently increases. Much more hashrate has been devoted to the blockchain as BTC’s price has increased.

The average hashrate for Bitcoin over the previous 2,016 blocks has been 278.2 exahashes per second (EH/s). When it comes to mining pools with the greatest amount of dedicated SHA256 hashrate, Foundry USA is in first place. Over a three-day period, Foundry has approximately 93.82 EH/s, which makes up 32.99% of the network’s processing power. Over a three-day period, the Bitcoin mining pool Antpool contributed 49.57 EH/s, or 17.43% of the hashpower, to the Bitcoin network.

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