Bitcoin

Bitcoin mining just encountered a significant hurdle: the difficulty level for mining new blocks surged by 5.07% at block 818,496. This increase marks a record high, escalating the challenge for miners in the network. As per Bitcoin Blockchain Explorer, the difficulty rate now stands at an unprecedented 67.96 tera-hashes per second.
Colin Wu, a renowned Chinese reporter, highlighted this development, underscoring its impact on the Bitcoin network, according to <a href="https://twitter.com/WuBlockchain/status/1728645493138628809" rel="noopener noreferrer nofollow">&nbsp;WuBlockchain</a>.
The current average network <a href="https://ultramining.com/news/en/bitcoin-miners-set-for-a-tough-ride-as-2024-halving-nears-jp-morgan/" rel="noopener noreferrer nofollow">hash rate</a> has reached 504.8 exa-hashes per second (EH/s), up from 486.50 EH/s just two weeks ago. This increase not only indicates a higher level of mining activity but also elevates the competition among miners.&nbsp;&nbsp;
Looking ahead, the next mining difficulty adjustment is slated for December 10, at block height 820,512.&nbsp;&nbsp;

Bitcoin Mining Challenge Peaks: Network Struggles Amidst Record Difficulty

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