Bitcoin Mining Difficulty Could Reach Record High as Hash Rate Rise
Bitcoin
BTC mining difficulty of $105,578.62 is on track to set a new all-time record around midnight UTC, indicating increased miner participation and improved blockchain security.
The adjustment is expected to complete within the next 100 blocks, and forecasts suggest the figure will grow by around 4% to 126.95 trillion (T), surpassing the current high of 123 T. According to Coinwarz, the difficulty was 109 T at the start of the year.
This growth reflects increasing long-term confidence in Bitcoin's value, despite network activity and transaction fees remaining low.
The difficulty adjustment occurs every 2016 blocks and is based on the network hashrate, which measures the total computing power dedicated to securing the network. The seven-day rolling average of the hashrate is now 918 exahashes per second (EH/s), up from 840 (EH/s) over the past two weeks. With previous highs of 925 EH/s, any further increase would mean a new all-time high for the hashrate.
Despite the increase in mining activity, transaction fees remain extremely low. Currently, a high-priority transaction costs only 2 satoshi per virtual byte (sat/vB), which is about $0.30. The higher the fee, the faster the transaction will be confirmed, as miners prefer transactions with large payouts.
The data shows that while demand for transactions on the Bitcoin network has declined, mining power continues to increase, reaching new heights, highlighting the discrepancy between infrastructure usage and expansion.
Source: cryptonews.net
