On April 6, 2023, the difficulty of Bitcoin increased by 2.23% to a block height of 784,224, reaching another all-time high. It is the fourth consecutive difficulty increase on the Bitcoin network since February 24, and the current difficulty of the protocol is 47.89 trillion, which is only 2.11 trillion away from reaching the 50 trillion range.
Bitcoin difficulty jumps 2.23% higher
Bitcoin’s current difficulty of about 47.89 trillion it’s an all-time high, which means it’s never been harder for bitcoin miners to find blocks. The current level of difficulty of the Bitcoin protocol requires miners to run approximately 47.89 trillion calculations through a trial and error approach to discover a cryptographic hash value that meets predetermined criteria for each attached block on the blockchain. .
The April 6 difficulty increase was the fourth increase in the last 41 days or since the height of block 778.176. Thursday’s increase was 2.23% higher than the previous two weeks, and the difficulty level will remain at 47.89 trillion until or around April 20. s), and last month, the hashrate touched 400 EH/s on March 23.
Statistics from coinwarz.com indicate that the network reached an all-time high of 414.33 EH/s on March 25, 2023, at a block height of 782,408. With the current hash rate of 340 EH/s, the intervals of block are still under the ten-minute mark, down from eight minutes and 29 seconds to nine minutes and eight seconds as of Thursday night at 9:30 p.m. ET.
In the last three days, 463 blocks were discovered, with Foundry USA finding 159 blocks using 117.66 EH/s, or about 34.34% of the global network. Antpool captured 95 blocks during the same period, at 70.30 EH/s, or 20.52% of the network’s hash power. The average hashrate during the previous difficulty adjustment period was approximately 342.50 EH/s.
What do you think about Bitcoin’s fourth consecutive difficulty increase? Share your thoughts on this topic in the comments section below.
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