Bitcoin (BTC) mining difficulty has increased by 13 percent, surpassing its all-time high.
According to data from The Block Research last month, Bitcoin mining difficulty has dropped by 2.04% since the last update (September 13). Still, it continues its steady upward march from August 2021 lows.
Bitcoin Mining Difficulty At All-Time High
Bitcoin mining difficulty rose 13.5 percent to reach its new ATH (all-time high).
Looking at the current data of The Block, it is seen that it is not only the difficulty level that rises, but also the hash rate, which is another important metric of the Bitcoin network. According to the data, it is at an all-time high with 257 exahash per second (EH/s).
As miners accelerate their operations or as more miners join the network, Bitcoin mining difficulty has increased by 13 percent to exceed 35.61 trillion hashes. This makes it the biggest rise in Bitcoin mining difficulty since mid-2021.
The growing difficulty paints an even darker picture for bitcoin miners, who are feeling the squeeze of already low Bitcoin prices and higher energy costs.
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