Bitcoin Miners Contend With Fifth Network Difficulty Increase | Meta Ventures Club
Bitcoin Miners Contend With Fifth Network Difficulty Increase of 2023
In less than two months, Bitcoin’s difficulty surged by over 22% and reached an all-time high on Thursday, April 20. The current difficulty of 48.71 trillion implies an exceptionally high average hash rate necessary for mining a new block. Specifically, a miner would need an average hashrate of 48.71 trillion hashes per second to stand a chance of mining a BTC block and earning the associated rewards and transaction fees.
