Bitcoin’s Mining Difficulty Hits Record High With Sixth Consecutive Rise The latest increase in Bitcoin’s difficulty, a 5.07% uptick, occurred on the evening
of November 25 at block 818,496. This marks the sixth rise in difficulty since
September 19, 2023,
at block 808,416. Over the past
68 days, the cumulative increase stands
at 23.27%. Despite this considerable rise over the two-month period, the network’s hashrate hasn’t shown any signs of slowing down, with miners consistently setting new records in this domain.
As of this report, around 49 pools are contributing their hashrate to the Bitcoin blockchain,
with the smallest among them offering 916 megahash per second (MH/s). The leading mining pool,
Antpool, boasts a formidable
135.10 EH/s of hashpower, representing
27.23% of the overall total. Hot on its heels is the second-largest pool,
Foundry USA, which commands
131.86 EH/s, amounting to
26.58% of the collective hashrate. Following these two giants in the mining arena are
F2pool, Viabtc, and Binance Pool. Time will reveal whether the recent difficulty adjustment,
exceeding 5%, genuinely impacts miners’ activities, but current indications suggest the hashrate remains undeterred.
In anticipation of the upcoming halving, mining entities have been actively eмxpanding their arsenals with thousands of new machines, enhancing their fleet’s potency.
The introduction of these newer, more efficient models, combined with the escalating BTC prices, has been a significant catalyst in driving both the hashrate and the mining pools that generate it.
