Bitcoin Mining Difficulty Hits All-Time High, Achieving Seventh Consecutive Increase

BlockBeats News, October 2nd, the Bitcoin mining difficulty rose by 5% on Wednesday, reaching a record high of 150.84 T. This is the seventh consecutive increase.

The difficulty resets every 2016 blocks (approximately every two weeks) to measure the difficulty of miners finding new blocks and to maintain an average block time of around 10 minutes. This increase reflects the continuous growth of network hashrate, which has now exceeded 1 ZH/s (1.05 ZH/s). Higher hashrate means more machines are competing to secure the network, enhancing security, while also raising the profitability threshold.

This pressure has already been reflected in the hash price, i.e., the income per unit of hashpower for miners. According to Luxor data, this metric has fallen below $50 per second per P hashpower.