Bitcoin mining difficulty increased by 9.9% to a new all-time high over the last two weeks, suggesting that more miners are coming online to take advantage of the increase in BTC price.
According to data from BTC.com, the mining difficulty rose to 43.05 trillion during the early hours of Feb. 25. Mining difficulty refers to the complexity of the puzzles miners must solve to create new blocks on the Bitcoin network.
Meanwhile, this is the third time Bitcoin’s mining difficulty has increased since the start of the year and represents a new all-time high. However, the next mining difficulty is predicted to drop by 0.78% to 42.72 trillion, according to available data.
Mining difficulty changes every 14 days or 2,016 blocks and usually depends on the hashrate, i.e., the number of miners on the network.
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