Once again, the network delivered a jolt not seen since 2021—specifically at block 683,424 on May 13, 2021—when difficulty advanced 21.53%. Since then, there have been meaningful gains above 13%, including block 758,016 on Oct. 10, 2022.
FAQ What happened to Bitcoin mining difficulty on Thursday? Bitcoin’s mining difficulty increased 14.73%, fully reversing the 11.16% decrease recorded on Feb. 7. Why did Bitcoin difficulty drop on Feb. 7? The 11.16% decline at block 935424 followed an Arctic storm in the United States that led miners to temporarily scale back operations. How high did Bitcoin’s hashrate climb after miners returned? The network’s hashrate pushed above 1 zettahash per second (ZH/s), accelerating block times and triggering the latest adjustment. What does a 14.73% difficulty increase mean for miners? A higher difficulty raises competition and compresses margins, especially with hashprice hovering near multi-year lows.Bitcoin Difficulty Whipsaws From 11% Slide to 14.73% Climb in 2 Weeks
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