Bitcoin Mining Difficulty Hits New All-Time High with 0.63% Increase to 102.29T

According to COINOTAG News on November 19th, recent data from CloverPool indicates a significant milestone in Bitcoin mining. The mining difficulty experienced an adjustment, recorded at block height 870,912, resulting in a 0.63% increase that brings the difficulty to 102.29 trillion hashes, marking a historic peak. This uptick in difficulty underscores the ongoing competition among miners as they strive to maintain profitability amidst evolving market conditions. Over the past week, the average network hash rate has maintained a robust level at 738.3 EH/s, exemplifying the growth and resilience of the Bitcoin mining ecosystem. This development is pivotal for stakeholders as it reflects the increasing operational complexity that miners must navigate in the pursuit of rewarding their efforts effectively.