{"id":526067,"date":"2023-04-08T09:57:15","date_gmt":"2023-04-08T09:57:15","guid":{"rendered":"https:\/\/uniquehot.com\/?p=526067"},"modified":"2024-06-11T14:34:57","modified_gmt":"2024-06-11T14:34:57","slug":"bitcoin-mining-difficulty-hits-all-time-high-for-the-4th-time-in-2023-heres-why","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-mining-difficulty-hits-all-time-high-for-the-4th-time-in-2023-heres-why\/","title":{"rendered":"Bitcoin Mining Difficulty Hits All-Time High For The 4th Time In 2023: Here\u2019s Why \u00a0"},"content":{"rendered":"
Bitcoin mining difficulty continues to break records despite the struggles of BTC to surpass the $30,000 resistance mark. The leading coin has attracted the interest of miners in recent months due to the price recovery experienced since the turn of the year.\u00a0<\/span><\/p>\n
Bitcoin Mining Difficulty Hits New Record<\/span><\/h2>\n
Bitcoin mining difficulty moved to an all-time high on April 6, 2023, following the most recent mining difficulty adjustment on its blockchain network. The mining difficulty rose for the fourth consecutive time and reached 47.8 trillion, an increase of 2.3%.\u00a0<\/span><\/p>\n
The Bitcoin mining difficulty automatically adjusts every 2,016 blocks \u2013 approximately two weeks \u2013 to maintain the 10-minute block creation time. There has been a steady increase in mining difficulty in recent weeks, with the last downward trend recorded on February 11.\u00a0<\/span><\/p>\n