Bitcoin Mining Difficulty Rises 2.13% to 121.66 T as Network Hash Rate Hits 846.6 EH/s

COINOTAG reported on May 17 that recent analyses from Cloverpool indicate a significant adjustment in the Bitcoin mining difficulties. At a block height of 897,120, recorded at 22:01:56 Beijing time, the difficulty level increased by 2.13%, reaching 121.66 T. This change reflects the dynamic nature of the Bitcoin network and highlights the ongoing shifts in mining operations.

Additionally, over the past week, the average network hash rate has stabilized at approximately 846.6 EH/s. Such metrics are essential for miners to gauge profitability and adapt their strategies in a constantly evolving landscape. As the network continues to adjust, stakeholders must stay informed about these trends to make educated decisions regarding their holdings and mining investments.