Bitcoin

<h2 id="quick-take">Quick Take</h2> 
<p>On Nov. 12, the Bitcoin difficulty underwent another upward adjustment of 3.5%, marking the fifth consecutive rise in a row similar to the trend observed from February to April. Now at an unprecedented 65T, the Bitcoin difficulty mirrors the continuous surge in the hash rate.</p> 
<figure id="attachment_373163" aria-describedby="caption-attachment-373163" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-373163 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/11/di.png" alt="Difficulty Adjustment: (Source: Glassnode)" width="1800" height="1013" srcset="https://cryptoslate.com/wp-content/uploads/2023/11/di.png 1800w, https://cryptoslate.com/wp-content/uploads/2023/11/di-300x169.png 300w, https://cryptoslate.com/wp-content/uploads/2023/11/di-1024x576.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/11/di-768x432.png 768w, https://cryptoslate.com/wp-content/uploads/2023/11/di-1536x864.png 1536w" sizes="(max-width: 1800px) 100vw, 1800px">
 <figcaption id="caption-attachment-373163" class="wp-caption-text">
  Difficulty Adjustment: (Source: Glassnode)
 </figcaption>
</figure> 
<p>Over a 7-day moving average, the hash rate teeters around its<a href="https://cryptoslate.com/insights/upcoming-bitcoin-halving-pushes-hash-rate-to-ath/"> all-time </a>high at&nbsp;about 450 eh/s. However, when inspected daily, the hash rate has shown an even more robust performance, exceeding 500 eh/s. This consistent climb in the hash rate and difficulty underlines an increasing fortification of the Bitcoin network.</p> 
<figure id="attachment_373164" aria-describedby="caption-attachment-373164" style="width: 100%" class="wp-caption aligncenter">
 <figcaption id="caption-attachment-373164" class="wp-caption-text">
  Hash Rate Adjustment: (Source: Glassnode)
 </figcaption>
</figure> 
<p>As the network prepares for the halving event, these developments suggest a record level of security. The increasing difficulty and hash rate signifies a robust computing power dedicated to processing Bitcoin transactions, enhancing the network’s resistance to potential threats.</p> 
<p>The post <a href="https://cryptoslate.com/insights/bitcoin-mining-difficulty-hits-record-65t-ahead-of-halving-securing-network-further/">Bitcoin mining difficulty hits record 65T ahead of halving, securing network further</a> appeared first on <a href="https://cryptoslate.com">CryptoSlate</a>.</p>

Bitcoin mining difficulty hits record 65T ahead of halving, securing network further

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