Fun

Bitcoin Difficulty Reaches New All-Time High After Fourth Consecutive Increase

News Feed - 2023-04-07 12:04:00

Bitcoin Difficulty Reaches New All-Time High After Fourth Consecutive Increase


On April 6, 2023, Bitcoin’s difficulty rose 2.23% higher at block height 784,224, touching another all-time high. It’s the fourth consecutive difficulty increase on the Bitcoin network since Feb. 24, and the protocol’s current difficulty is 47.89 trillion, which is only 2.11 trillion away from reaching the 50 trillion range. Bitcoin Difficulty Jumps 2.23% Higher


Bitcoin’s current difficulty of approximately 47.89 trillion is an all-time high, meaning it has never been harder for bitcoin miners to find blocks. The current Bitcoin protocol difficulty level mandates that miners execute roughly 47.89 trillion computations via a trial-and-error approach to discover a cryptographic hash value that fulfills the predetermined criteria for every appended block in the blockchain.


The difficulty rise on April 6 was the fourth increase in the last 41 days or since block height 778,176. The increase on Thursday was 2.23% higher than the previous two weeks, and the level of difficulty will remain at 47.89 trillion until on or around April 20. Despite the difficulty rise, the hashrate is still running high at 340.61 exahash per second (EH/s), and last month, the hashrate tapped 400 EH/s on March 23.



Statistics from coinwarz.com indicate the network reached an all-time high of 414.33 EH/s on March 25, 2023, at block height 782,408. At the current hashrate of 340 EH/s, block intervals are still under the ten-minute mark, at eight minutes and 29 seconds to nine minutes and eight seconds on Thursday evening at 9:30 p.m. Eastern Time.


Over the past three days, 463 blocks were discovered, with Foundry USA finding 159 blocks using 117.66 EH/s, or roughly 34.34% of the global network. Antpool captured 95 blocks over the same period, with 70.30 EH/s, or 20.52% of the network’s hashpower. The average hashrate over the previous difficulty adjustment period was approximately 342.50 EH/s. Tags in this story Antpool, Bitcoin, Bitcoin (BTC), bitcoin difficulty, Bitcoin Difficulty change, Bitcoin mining, Blockchain, Cryptocurrency, Cryptography, Decentralized, difficulty, Difficulty Changes, Digital Assets, Digital Currency, Finance, Foundry USA, Hashrate, investment, mining, Mining Difficulty, Peer-to-peer, technology, trading


What do you think about Bitcoin’s fourth consecutive difficulty increase? Share your thoughts about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. March Bitcoin Mining Stats Show Climbing Revenue and Hashrate Highs MINING | 6 days ago Chatgpt More Useful Than Crypto, Nvidia Tech Chief Says MINING | Mar 30, 2023


Image Credits: Shutterstock, Pixabay, Wiki Commons, coinwarz.com, Previous articleReport: Binance Asked to Provide More Information as Dubai Tightens Screws Against Crypto Entities Next articlePeter Schiff on the Upcoming Gold Bull Market and Wall Street: ‘It Will Be Spectacular, Capitulation Will Be Epic’ Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItCentral Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year


The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method Economist Predicts the Fed"s Response to Inflation Will Push Crypto Higher

News Feed

World’s Largest Asset Manager Blackrock Launches Bitcoin Private Trust Citing ‘Substantial Interest’ From Clients
World"s Largest Asset Manager Blackrock Launches Bitcoin Private Trust Citing "Substantial Interest" From Clients The world’s largest asset manager, Blackrock, has launched
MEXC and Coinbase Reach Partnership to Jointly Fulfil the Privacy and Security Obligations of Cryptocurrency Under the TRUST Framework
MEXC and Coinbase Reach Partnership to Jointly Fulfil the Privacy and Security Obligations of Cryptocurrency Under the TRUST Framework press release PRESS RELEASE.On October 31st, t
Jagjit Singh11 hours agoHow to identify and protect against routing attacks on the Lightning NetworkTo protect against routing attacks on the Lightning Network, utilize watchtowers, verify channel state changes, and prio
Ethereum ETFs are coming — Here’s what you need to know
Alex O’Donnell4 hours agoEthereum ETFs are coming — Here’s what you need to knowAre you ready for the July 23 launch of nine spot Ethereum ETFs? Here"s what you need to know to start trading.3567 Total views21 Tota
$15B Bitcoin Options Expire Today: Will This Send BTC Bull Token Soaring?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Price analysis 8/19: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
Rakesh Upadhyay5 hours agoPrice analysis 8/19: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADAThe S&P 500 Index is nearing its all-time high, but Bitcoin is struggling to rise above $60,000, pointing to further und
Amaka Nwaokocha14 hours agoRipple lawyer calls SEC’s latest filing “hypocritical pivot”Stuart Alderoty highlighted that Gensler had requested an urgent appeal despite asserting that crypto regulations and rules wer
Arijit Sarkar13 hours agoWeb3 wallet Backpack to launch VASP-licensed crypto exchange in DubaiThe Backpack crypto wallet has bagged operational licenses across several jurisdictions worldwide over the past five months, a
Ana Paula Pereira7 hours agoDeFi economic activity drops 15% in August —VanEckAccording to an analysis from investment manager firm VanEck, exchange volume across DeFi protocols declined to $52.8 billion in August, 15.
Announcing the Launch of the Lao Crypto and DeFi Product – Welnance Finance
Announcing the Launch of the Lao Crypto and DeFi Product - Welnance Finance press release PRESS RELEASE. Welnance, a DeFi protocol built on Binance Smart Chain, is set to launch the
Biggest Movers: QNT Remains Near Multi-Week High, XMR up for Fifth Straight Session
Biggest Movers: QNT Remains Near Multi-Week High, XMR up for Fifth Straight Session Quant was one of the biggest gainers to start the weekend, as price remained close to a multi-we
Despite Bitcoin’s Price Highs, Onchain Data Shows BTC Miners Are Not Spending More Than Usual
Despite Bitcoin"s Price Highs, Onchain Data Shows BTC Miners Are Not Spending More Than Usual The cryptocurrency economy has been higher in value than ever befor