Bitcoin sees sixth straight difficulty increase amid record-breaking hash rate surge

2023-11-26 17:01

Quick Take

Bitcoin’s network dynamics are currently going through an exciting phase, with the upcoming difficulty adjustment exceeding 5%. The difficulty adjustment continues to put in all-time highs and is now above 68T.

This makes it the sixth consecutive positive adjustment this year—a streak only previously seen from December 2021 to February 2022. The recent explosion in Bitcoin’s hash rate is a critical component behind this upward adjustment.

Bitcoin Difficulty: (Source: Glassnode)

On Nov. 19, the network recorded the highest single-day hash rate in its history. This surge in hash rate, indicating increased miner participation, and the subsequent difficulty adjustments underscore the robustness and adaptive nature of Bitcoin’s decentralized network.

Bitcoin Hash Rate: (Source: Glassnode)

The post Bitcoin sees sixth straight difficulty increase amid record-breaking hash rate surge appeared first on CryptoSlate.

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difficulty adjustment bitcoin exceeding continues phase upcoming

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Bitcoin Mining Difficulty Adjusts 10% Upwards For the First Time in Months

Bitcoin continues to stabilize its network activity with a return to upward difficulty adjustments after hash rate reversed its decline last month. Bitcoin Continues To Police Itself Data from statistics resources Blockchain and Bitcoin Wisdom confirms that the Bitcoin network’s most recent difficulty adjustment was up, not down, by just over 10 percent.

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