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Bitcoin mining has hit a historic high, with a 5.07% surge in mining difficulty — a record 67.96 T.  Data from blockchain explorer BTC.com indicates the leap in Bitcoin (BTC) mining difficulty has reached an unprecedented 67.96 T (terahashes), with the average hashrate — the Bitcoin network’s computational power gauge — standing at a robust 504.80 EH/s (exahashes per second).  Bitcoin mining difficulty ushered in a mining difficulty adjustment at block height 818496. The mining difficulty was raised by 5.07% to 67.96 T, continuing to hit a record high. The current average hashrate of the entire network is 504.80 EH/s. https://t.co/vgAkEgyDOf — Wu Blockchain (@WuBlockchain) November 26, 2023 Bitcoin mining difficulty has been on a steady upward trend throughout 2023, and the latest adjustment at block height 818496 is another meaningful landmark for the digital currency. Bitcoin mining difficulty trend. Soure: BTC.com Mining difficulty is a dynamic metric...

On 3 October, Bitcoin’s hashrate stood at 224.48 EH/s. It jumped to 266.9 EH/s yesterday, but then fell back to 244.3 EH/s. On Wednesday, however, it rebounded and went on to clinch a new all-time high. JUST IN: #Bitcoin hashrate reaches a new all-time high of 302.56 EH/s. — Watcher.Guru (@WatcherGuru) October 5, 2022 Per CoinWarz’s data, at block number 757,147 Bitcoin’s hashrate reflected an ATH value of 302.56 EH/s. At press time, yet again, another minor pullback was noted as the metric’s reading was down to 291.46 EH/s. Source: CoinWarz Impact on Bitcoin miners On one hand, a rising hashrate indicates that the network is becoming more secure. But on the other, it puts pressure on miner profitability numbers. The revenue earned per Exahash by Bitcoin miners has been in a persistent and long-term downtrend. As illustrated below, the BTC-denominated reward has been hovering around its all-time low of 4.06 BTC per EH per day. The same tr...