According to an update from BTC.com on Wednesday, Bitcoin mining difficulty increased 9.26% after the latest adjustment. During the same period, the bitcoin mining hash rate increased by more than 12%.
Mining difficulty refers to the complexity of the mathematical process behind mining, during which miners repeatedly try to find a hash below a set level. Miners that “discover” this hash win the reward for the next transaction block. The difficulty adjusts every 2,016 blocks (roughly every two weeks) in sync with the network’s hash rate.
Source: TheBlock
Comments (No)