Bitcoin

Bitcoin's mining difficulty is expected to reverse a recent 4.19% decrease as the network's <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">hashrate</a> surges toward new highs. According to projections, the difficulty could jump by over 4% on August 28, erasing the recent drop. This increase follows a period of accelerated block intervals, where blocks have been mined faster than the typical ten-minute target, with intervals averaging around nine minutes and 36 seconds, according to <a href="https://news.bitcoin.com/bitcoins-last-difficulty-drop-likely-to-be-erased-in-3-days/" rel="noopener noreferrer nofollow">Bitcoin.com</a>.
As of August 25, Bitcoin's hashrate is cruising at 660 exahashes per second (EH/s), just shy of the 677 EH/s peak seen in late July. This growth suggests that miners are quickly closing in on the previous high, potentially driving the difficulty to an all-time peak of 90.67 trillion.
The current difficulty stands at 86.87 trillion, meaning miners will soon face a tougher challenge in securing new blocks as the network adjusts to the increased computational power. With the next adjustment just days away, <a href="https://ultramining.com/news/en/russias-bitcoin-gold-rush-mining-machine-influx-outpaces-rest-of-the-world/" rel="noopener noreferrer nofollow">Bitcoin miners</a> may soon see the recent ease in difficulty fully reversed, underscoring the dynamic nature of the Bitcoin network as it adapts to changes in mining power.

Bitcoin’s Rising Hashrate Poised to Erase Recent Difficulty Drop

Ultramining_Eng

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