Oddbean new post about login | logout Bitcoin's Latest Difficulty Rise Challenges Miners Already Facing Revenue Slump. On Aug. 28, Bitcoin’s mining difficulty bumped up by 2.99% at block height 858,816, pushing the metric from 86.87 trillion to a hefty 89.47 trillion. This tweak adds a bit more challenge for bitcoin miners, especially with hashprice values lingering at very low levels. https://yakihonne.s3.ap-east-1.amazonaws.com/6789a15735d4ac7cb13396ac59a0bdc813680111b9df4a7ff2497a364c869fb9/files/1718483629066-YAKIHONNES3.webp
The Bitcoin network's mining difficulty has reached an all-time high, surpassing 57.32 trillion as of October 3, 2023. This marks a notable increase in the challenges miners face when attempting to discover new blocks. The rise in difficulty is primarily driven by the increasing number of miners and the competition to validate transactions, which has led to a more complex mining environment
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