The Bitcoin mining difficulty has reached an unprecedented high of 110.45 trillion, making it 110.45 trillion times more challenging than at Bitcoin’s inception. This adjustment, which occurs every 2,016 blocks, ensures that blocks are mined approximately every 10 minutes. This marks the eighth consecutive positive adjustment, intensifying competition among miners. The increased difficulty has pushed some publicly traded miners to diversify into high-performance computing and AI, as mining alone becomes less viable. Notably, MARA Holdings has issued convertible bonds to acquire Bitcoin and is lending out their Bitcoin to generate additional revenue. Historically, such consecutive positive adjustments have occurred during significant market shifts, like the bear market of 2018 and the bull market peak in 2021. Despite these patterns, no clear trend predicts market tops or bottoms. The network’s hashrate, on a 7-day moving average, stands at 775 EH/s, with projections suggesting it could hit 1 zettahash per second before the next halving.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
