Bitcoin mining has hit a historic high, with a 5.07% surge in mining difficulty — a record 67.96 T. 

Data from blockchain explorer BTC.com indicates the leap in Bitcoin (BTC) mining difficulty has reached an unprecedented 67.96 T (terahashes), with the average hashrate — the Bitcoin network’s computational power gauge — standing at a robust 504.80 EH/s (exahashes per second). 

Bitcoin mining difficulty has been on a steady upward trend throughout 2023, and the latest adjustment at block height 818496 is another meaningful landmark for the digital currency.

Mining difficulty is a dynamic metric that adjusts roughly every fortnight in order to uphold consistent block time, which is the duration it takes to locate and append a new block to the blockchain. 

These tweaks are vital to offset changes in the Bitcoin network’s hashrate and preserve a 10-minute average block time.

Alongside the climb in

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Author: Julius Mutunkei

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