The difficulty of mining bitcoins has risen again, reaching new heights

The difficulty of mining bitcoins has just undergone another positive adjustment, increasing by 2.13% at block height 897,120. This adjustment, which occurs approximately every two weeks, is an automatic mechanism built into the Bitcoin protocol to maintain a stable average time between blocks of around 10 minutes.

The increase in difficulty means that it is becoming increasingly challenging for miners to find new blocks. It requires them to use more powerful equipment and spend more electricity to perform the necessary computations.

What caused this increase?

The main reason for the increase in difficulty is the rise in total computational power (hashrate) in the Bitcoin network. When more miners join the network or existing miners expand their operations, the total hashrate increases. As greater computational power attempts to solve cryptographic puzzles to mine new blocks, blocks begin to be found faster than the target of 10 minutes#BTC走势分析 #BTC #btc70k $BTC