The post Bitcoin Mining Difficulty Hits New Record High with 3.94% Increase at Block 866,880 appeared on BitcoinEthereumNews.com.

COINOTAG reported on October 23 that new data from BTC.com indicates a significant adjustment in Bitcoin mining difficulty. At block height 866,880, logged at 2:05:01 AM, the mining difficulty surged by 3.94%, reaching an unprecedented level of 95.67 T. This adjustment marks a new record in the ever-evolving landscape of cryptocurrency mining. Over the past week, the average computational power across the Bitcoin network has stabilized at 712.90 EH/s, reflecting escalating miner competition and enhanced hardware capabilities. Such trends in mining difficulty and network hash rate are crucial for stakeholders, as they directly influence profitability and the overall stability of the Bitcoin ecosystem. As miners adapt to these changes, understanding the implications of increased difficulty levels becomes imperative for informed investment strategies in the volatile sphere of cryptocurrencies. Source: https://en.coinotag.com/breakingnews/bitcoin-mining-difficulty-hits-new-record-high-with-3-94-increase-at-block-866880/

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Filed under: News - @ October 23, 2024 12:18 am