Recent data shows that the Bitcoin (BTC) mining difficulty has reached an all-time high of 101.65 trillion at block 868,958.
This jump comes barely two weeks after the metric hit its previous high of 95.67 trillion.
BTC Mining Difficulty Up Nearly 15%
According to Bitcoin analytics platform CoinWarz, BTC’s mining difficulty has sharply increased to a historical high of 101.65T, a 14.98% surge over the past month. The data also revealed that the difficulty jumped by 6.24% in the last week and 12.11% over the last 90 days.
Bitcoin mining difficulty refers to the challenge miners face in mining the next block on the blockchain. It is a measure that displays the average number of hashes required to find a valid solution for the next block and collect the corresponding mining reward.
The metric adjusts every two weeks to guarantee that blocks are mined at a consistent rate. The difficulty increases if the preceding blocks are generated quicker than the chain’s specified block time.
