💣🔥The mining difficulty of #Bitcoin reached an all-time high of 127.6 trillion this week, but it is projected to decrease during the next difficulty adjustment on August 9. Mining difficulty is expected to drop by approximately 3% to 123.7 trillion in the upcoming adjustment period, and the current average time per block is about 10 minutes and 20 seconds.
Bitcoin's mining difficulty, along with the network's hash rate, the total computing power dedicated to securing the network, is crucial for the profitability of miners and for maintaining Bitcoin's high stock-to-flow ratio, which protects the price of BTC from overproduction.
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