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Jafrin Ahmed
Apr 28, 2022
by Jafrin Ahmed

Bitcoin Mining Difficulty Reaches New All-Time High

Bitcoin mining
Bitcoin’s (BTC) mining difficulty reached a new all-time high of 29.7 trillion after jumping 5.56% higher just two weeks ago, according to data provided from BTC.com.

Bitcoin Network Difficulty Hits New ATH

On Wednesday, April 27, 2022, after block 733,824 was mined, Bitcoin (BTC) reached the most difficult time in history to mine BTC. Currently, and for the next two weeks, Bitcoin’s difficulty will be 29.79 trillion until the next difficulty adjustment.

At the same time, Bitcoin’s hashrate also hit yet another all-time high of 220.49 EH/s, meaning the network has made it incredibly costly for attackers to gain control of the network.

Bitcoin's hashrate has now grown more than 30% since the start of the year. This means that more miners are willing to join the network despite the rising difficulty levels.

At the time of writing, Bitcoin (BTC) price remains below the $40,000 price level and currently up 1.3% from the past 24 hours after bouncing off the $37,000 support level.

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Bitcoin Mining Difficulty Reaches New All-Time High
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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