Bitcoin’s mining difficulty, an important metric for the health of the network, has seen another positive adjustment, 62.46T, marking the fourth consecutive rise. This time, the increase is slightly over 2%, a subtle yet important change that signifies the continued growth and resilience.

As a consequence of this adjustment, the hash rate—representing the processing power of the Bitcoin network—has experienced a surge. Currently, it hovers just under 450 exahashes per second (eh/s), based on a 7-day moving average. The hash rate is a key indicator of miner participation and overall network security.

CryptoSlate previously addressed the impact of such hash rate surges, particularly in the context of halving events. Halving, a pre-programmed reduction in the reward miners receive for adding a new block to the blockchain, has potential implications on the hash rate — not only affecting the miners but also shapes the broader landscape of Bitcoin’s market