Bitcoin Hashrate Is Rising Again!

Approaching the peak levels seen at the end of July. Despite a recent 4.19% drop in difficulty during the last re-adjustment, current projections suggest that this reduction could soon become history. On August 28, the difficulty is expected to increase again, potentially by 4% or more.

According to data from Luxor's https://t.co/HfplWV8TUU , Bitcoin's hashrate is currently around 660 exahash per second (EH/s), just 17 EH/s down from its peak of 677 EH /s recorded on July 25, 2024. It has been 11 days since the last Bitcoin difficulty adjustment, which saw miners enjoy a 4.19% drop in difficulty, making finding BTC blocks something easier.