“Bitcoin mining difficulty has just increased by +3.44%, making another new all-time high as hash rate continues to soar. Miners are relentless.”
Bitcoin's mining difficulty has increased by another 3.44% over what it was for the last 2,016 blocks or the previous two weeks. Following the recent 3.44% shift, the network's difficulty increased to a lifetime high of 36.84 trillion (ET).
Bitcoin analyst, Dylan LeClair, noted the increase on Twitter, stating that miners are relentless.
BTC's hash rate is currently hovering between 260 and 275 EH/s. The difficulty increased because the last 2,016 blocks were mined more quickly than the two-week average.
The block intervals that Satoshi's difficulty retargets aim to maintain is an average of ten minutes per block. The difficulty will increase if it takes less than the two-week average to mine the 2,016 blocks between difficulty retargets. It will also decrease if it takes longer (more than two weeks).
The most recent increase follows a 13.55% increase noted on October 10, 2022, at block height 758,016. The 13.55% rise was the largest Bitcoin difficulty rise of 2022.
