Bitcoin Mining Difficulty Surges to an All-Time High, Network Prints 2022's Largest Retarget Increase
Bitcoin’s mining difficulty reached an all-time high on October 10, which means it’s more difficult than ever before to mine the leading crypto asset. Following the difficulty reduction on September 27, the network’s mining difficulty increased 13.55% higher at block height 758,016 as it printed the highest difficulty rise recorded this year. It’s Now 13.55% More Difficult to Discover a Bitcoin Block Reward, as Network’s Mining Difficulty Reaches an All-Time High at 35.61 Trillion Five days ago, Bitcoin’s hashrate reached an all-time high (ATH) when it tapped 321.15 exahash per second (EH/s) at block height 757,214. While the hashrate has been a whole lot higher, the speed at which blocks are found has been less than ten minutes per interval. When blocks are mined faster than usual, after 2,016 blocks are mined, the network’s difficulty adjustment retargets with increased difficulty. The opposite is true if blocks are discovered too slo...