Bitcoin - $BTC mining just hit another major milestone, as the network's difficulty surged by 3.9%, reaching an all-time high of 95.7 trillion hashes.
This means it’s now harder than ever to mine new blocks, reflecting the increased competition among miners.
With the network's seven-day moving average hash rate hitting nearly 724 exahashes per second (EH/s), miners are scrambling to keep up, needing more computational power than ever to secure transactions.
This latest adjustment occurred at block height 866,880, just as Bitcoin approaches its next halving event.
While the rising difficulty indicates a robust and growing network, it also places increased pressure on miners, many of whom have been forced to upgrade their hardware or risk being left behind.
This event often leads to heightened miner activity, as they race to maximize rewards before the halving slashes the payout from 6.25 BTC to 3.125 $BTC
