Bitcoin mining has reached a historic peak, with mining difficulty surging by 5.07% to an all-time high of 67.96 T (terahashes). According to BTC.com, a blockchain explorer, this jump in Bitcoin (BTC) mining difficulty has hit a remarkable 67.96 T. The average hashrate, which measures the computational power of the Bitcoin network, stands strong at 504.80 EH/s (exahashes per second). Throughout 2023, Bitcoin mining difficulty has been consistently rising, with the latest change at block height 818496 marking another significant milestone in the cryptocurrency's journey.
Mining difficulty is a variable measure that adjusts approximately every two weeks to maintain a consistent block time - the time taken to discover and add a new block to the blockchain. These adjustments are crucial to balance fluctuations in the network's hashrate
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