The difficulty of mining Bitcoin has reached a new all-time high. On Thursday, it increased by 3.22%, driven by a record-high network hash rate.

The difficulty adjusts approximately every two weeks and measures the level of work a miner needs to perform to verify transactions on a block. A higher difficulty indicates increased competition in Bitcoin mining.

The mining difficulty data reached 49.55 trillion at block height 790,272 during the adjustment on Thursday.

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