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Bitcoin Mining Difficulty Rises 2.23% to 47.89 T, Hits New Record High

2023/04/07
Bitcoin Mining Difficulty Rises 2.23% to 47.89 T, Hits New Record High

According to BTC.com, bitcoin mining difficulty was adjusted at 23:34 (block height 784224) yesterday, with a slight increase of 2.23% to 47.89 T, a new all-time high, and a current network average of 341.89 EH/s.

Insights Note: The mining difficulty is basically proportional to the mining power, which means that new funds are entering the mining field, and these funds are bullish on the future market of BTC.