Bitcoin Difficulty Reaches New All-Time High After Fourth Consecutive Increase

On April 6, 2023, Bitcoin’s trouble roseate 2.23% higher astatine artifact tallness 784,224, touching different all-time high. It’s the 4th consecutive trouble summation connected the Bitcoin web since Feb. 24, and the protocol’s existent trouble is 47.89 trillion, which is lone 2.11 trillion distant from reaching the 50 trillion range.

Bitcoin Difficulty Jumps 2.23% Higher

Bitcoin’s existent trouble of astir 47.89 trillion is an all-time high, meaning it has ne'er been harder for bitcoin miners to find blocks. The existent Bitcoin protocol trouble level mandates that miners execute astir 47.89 trillion computations via a trial-and-error attack to observe a cryptographic hash worth that fulfills the predetermined criteria for each appended artifact successful the blockchain.

The trouble emergence connected April 6 was the 4th summation successful the past 41 days oregon since artifact tallness 778,176. The summation connected Thursday was 2.23% higher than the erstwhile 2 weeks, and the level of trouble volition stay astatine 47.89 trillion until connected oregon astir April 20. Despite the trouble rise, the hashrate is inactive moving precocious astatine 340.61 exahash per 2nd (EH/s), and past month, the hashrate tapped 400 EH/s connected March 23.

Statistics from coinwarz.com bespeak the web reached an all-time precocious of 414.33 EH/s connected March 25, 2023, astatine artifact tallness 782,408. At the existent hashrate of 340 EH/s, artifact intervals are inactive nether the ten-minute mark, astatine 8 minutes and 29 seconds to 9 minutes and 8 seconds connected Thursday evening astatine 9:30 p.m. Eastern Time.

Over the past 3 days, 463 blocks were discovered, with Foundry USA uncovering 159 blocks utilizing 117.66 EH/s, oregon astir 34.34% of the planetary network. Antpool captured 95 blocks implicit the aforesaid period, with 70.30 EH/s, oregon 20.52% of the network’s hashpower. The mean hashrate implicit the erstwhile trouble accommodation play was astir 342.50 EH/s.

What bash you deliberation astir Bitcoin’s 4th consecutive trouble increase? Share your thoughts astir this taxable successful the comments conception below.