Bitcoin Mining Difficulty At Highest Ever

Fibo Quantum

Bitcoin mining difficulty hit an all-time high after increasing by 21.5% today, according to data from Glassnode. It was the largest single-day percentage increase in a difficulty adjustment in almost seven years.

In mid-April, the Bitcoin mining hash rate dropped by roughly 25% after some miners went offline due to blackouts in China. The drop in hash rate caused the self-regulating Bitcoin mining difficulty to decrease in its subsequent difficulty adjustment. That was necessary because, with fewer miners online, less hash rate was being employed on the network, and blocks took much longer than the 10-minute mining interval target, per Glassnode data.