Tick tock, next block: Bitcoin difficulty sees another positive adjustment

2023-6-14 14:30

Quick Take Around 12:30 PM GMT, the Bitcoin network experienced another positive adjustment in difficulty, marking an increase of 2%. This adjustment represents the tenth positive change this year and, notably, the third consecutive one. This development is in tandem with a remarkable surge in the network’s hash rate, which continues to set new records. The previous adjustment propelled the difficulty level beyond the 50T mark, while the current hash rate has reached an unprecedented 372 TH/s. As a result, both the difficulty level and hash rate of Bitcoin now stand at their highest points ever. Difficulty: (Source: Glassnode) Hash Rate: (Source: Glassnode)

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Bitcoin's largest positive difficulty adjustment of 2020 and what it means for the price

As of 20 September, Bitcoin's difficulty has been adjusted by ~11.35%, with the hash rate subsequently hitting a new ATH of 143m TH/s. This was the largest positive adjustment in the year 2020, and itThe post Bitcoin's largest positive difficulty adjustment of 2020 and what it means for the price appeared first on AMBCrypto.

2020-9-20 16:30