Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin mining difficulty hits record high at 101.6T

Bitcoin mining difficulty hits record high at 101.6T

GrafaGrafa2024/11/06 11:00
By:Mahathir Bayena

Bitcoin’s (CRYPTO:BTC) mining difficulty has surpassed 100 trillion, reaching 101.65 trillion with a 3.94% increase.

This unprecedented level highlights the growing complexity miners face in adding blocks to the Bitcoin blockchain, demanding an enormous computational effort.

Difficulty adjusts approximately every two weeks, or after 2,016 blocks, depending on how swiftly miners completed the previous cycle.

If blocks are mined faster than the 10-minute target, difficulty rises; if slower, it drops.

This mechanism ensures consistent Bitcoin supply and reinforces network security.

The recent spike to 101.65 trillion means miners now need over 101 trillion hashes to uncover a single block, reflecting heightened competition and increased computational power within the network.

This complexity strengthens Bitcoin’s security by creating a higher barrier against attempts to alter the blockchain, requiring immense processing power for block additions.

As of November 5, the Bitcoin network’s hashrate, which measures computational power, reached a stable 724.07 exahashes per second (EH/s) after peaking at 766 EH/s on November 1.

This peak marked an all-time high, though the recent drop of 42 EH/s signifies that miners are adjusting to the new, challenging environment.

Hashprice—the projected value per petahash per second of computing power—rose to $44.03 from a recent low of $42.50, while Bitcoin’s price held steady above $70,000.

Amid these conditions, miners are pushed to innovate to remain competitive.

At the time of reporting, the Bitcoin price was $69,730.53.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!

Bitget Announcement2025/09/12 07:46

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

New spot margin trading pair — LINEA/USDT!

Bitget Announcement2025/09/11 10:04