At its automated readjustment on Feb. 15, Bitcoin mining difficulty was due to increase by an estimated 6%.
The Bitcoin BTC mining difficulty, which indicates how challenging it is to solve the mathematical problem associated with a block, passed 80 trillion on Friday, Feb. 16.
The network’s hash rate, which measures miners’ total computational power, reached 562.81 exahashes per second (EH/s), and the mining difficulty hit a record 81.73 trillion, according to BTC.com. The Bitcoin mining difficulty has been steadily rising since January 2023 and is expected to reach 100 trillion in the next few months.
In Bitcoin’s proof-of-work system, mining difficulty measures how hard it is to add a new block to the blockchain. A higher difficulty means miners require more computational power and energy to find the correct hash. In the last year, Bitcoin’s difficulty level has more than doubled.
