Bitcoin miners faced another uphill battle this month, marking the second straight increase in mining difficulty. On August 22, at block height 804,384, the difficulty surged by 6.17%. This fresh peak in Bitcoin’s difficulty sets a new record, intensifying the challenge for miners in securing block rewards.
Bitcoin Difficulty Jumps More Than 6% Higher
On August 22, 2023, Bitcoin’s network difficulty surged by 6.17%, setting a record at 55.62 trillion. This spike signals that miners will have to exert significantly more computational muscle to discover blocks. So far in August, there have been two notable shifts: a modest 0.12% increase on August 9, 2023, and the substantial 6.17% climb. Coupled with the recent dip in BTC’s value, miners are grappling with heightened challenges.
Yet, the network’s hashrate remains robust, hovering just above the 400 exahash per second (EH/s) mark. An average of 403.6 EH/s was recorded across the last 2,016 blocks, and the preceding epoch’s bl
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