Bitcoin Mining Difficulty Reaches New High With Sixth Consecutive Increase

According to Odaily, on December 16, the Bitcoin network's mining difficulty increased by 4.43%, reaching a new peak of 108.52 trillion. This marks the sixth consecutive rise in mining difficulty and the 26th adjustment this year. Data from Cloverpool indicates that the total mining difficulty of the Bitcoin network has surged by 40% within this year alone. Additionally, CryptoQuant data reveals that over the past month, the network's average hash rate has consistently exceeded 800 exahashes per second (EH/s). This sustained increase in mining difficulty and hash rate reflects the growing computational power being dedicated to Bitcoin mining, highlighting the network's robustness and the competitive nature of the mining industry. As miners continue to invest in more advanced hardware to keep up with these changes, the Bitcoin network remains secure and resilient against potential threats.