BITCOIN MINING ALGORITHM DIFFICULTY CONTINUES TO SET NEW RECORD
In the latest adjustment on November 26, the Bitcoin mining algorithm difficulty increased to 67.96 trillion hashes - setting a new record when surpassing the previous adjustment. This shows that more and more miners are flocking to BTC mining.
Since the beginning of September 2023, this has been Bitcoin's 6th consecutive increase in difficulty adjustment, taking place at the same time as a significant recovery period for the world's largest cryptocurrency, bringing BTC to new levels. New peak of 2023.
Bitcoin mining difficulty is a self-adjusting mechanism of the network every 2,016 blocks (about 2 weeks). Helps maintain block generation time of about 10 minutes/time, the network will automatically increase or decrease the difficulty of the algorithm corresponding to the miner's mining capacity.
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