According to the latest data collected from BTC.com, Bitcoin mining difficulty has increased by 13.55% since the last adjustment around two weeks ago.
Source: BTC.com
The network rate now stands at 257 million TH/s (terra hashes per second), a massive increase over the 140 million TH/s it had at this time last year, BTC.com data indicated.
Despite pressure from declining prices being witnessed this year, the difficulty adjustment continues its steady rise while the competition among its miners has been growing. High difficulty means it takes more computing power to mine the same number of blocks and makes the network secure. An increase in mining difficulty also means that miners must put in more computing power in order to mine a block. And miners compete against each other for limited block rewards. With more participants and more computing power, the so-called “hashpower” of the entire network increases significantly, which is good for Bitcoin’s price in the long run.
Mining...
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