{"id":72527,"date":"2023-04-07T09:01:20","date_gmt":"2023-04-07T09:01:20","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=72527"},"modified":"2023-04-07T09:01:20","modified_gmt":"2023-04-07T09:01:20","slug":"bitcoin-difficulty-reaches-new-all-time-high-after-fourth-consecutive-increase","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=72527","title":{"rendered":"Bitcoin Difficulty Reaches New All-Time High After Fourth Consecutive Increase"},"content":{"rendered":"<p><img width=\"768\" height=\"432\" src=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2023\/04\/diff-768x432.jpg\" class=\"attachment-medium_large size-medium_large wp-post-image\" alt=\"Bitcoin Difficulty Reaches New All-Time High After Fourth Consecutive Increase\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/04\/diff-300x169.jpg 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/04\/diff-1024x576.jpg 1024w, https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2023\/04\/diff-768x432.jpg 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/04\/diff-190x107.jpg 190w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/04\/diff-380x214.jpg 380w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/04\/diff-760x428.jpg 760w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/04\/diff.jpg 1280w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\"><\/p>\n<p><strong>On April 6, 2023, Bitcoin\u2019s difficulty rose 2.23% higher at block height 784,224, touching another all-time high. It\u2019s the fourth consecutive difficulty increase on the Bitcoin network since Feb. 24, and the protocol\u2019s current difficulty is 47.89 trillion, which is only 2.11 trillion away from reaching the 50 trillion range.<\/strong><\/p>\n<h2>Bitcoin Difficulty Jumps 2.23% Higher<\/h2>\n<p>Bitcoin\u2019s current difficulty of approximately <a href=\"https:\/\/www.coinwarz.com\/mining\/bitcoin\/difficulty-chart\">47.89 trillion<\/a> is an all-time high, meaning it has never been harder for bitcoin miners to find blocks. The current Bitcoin protocol difficulty level mandates that miners execute roughly 47.89 trillion computations via a trial-and-error approach to discover a cryptographic hash value that fulfills the predetermined criteria for every appended block in the blockchain.<\/p>\n<p>The difficulty rise on April 6 was the fourth increase in the last 41 days or since block height 778,176. The increase on Thursday was 2.23% higher than the previous two weeks, and the level of difficulty will remain at 47.89 trillion until on or around April 20. Despite the difficulty rise, the hashrate is still running high at 340.61 exahash per second (EH\/s), and last month, the hashrate <a href=\"https:\/\/news.bitcoin.com\/bitcoin-hashrate-reaches-400-exahash-per-second-researcher-says-network-could-reach-zettahash-era-by-2025\/\">tapped<\/a> 400 EH\/s on March 23.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-582073 size-full\" title=\"Bitcoin Difficulty Reaches New All-Time High After Fourth Consecutive Increase\" src=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2023\/04\/diffd.jpg\" alt=\"Bitcoin Difficulty Reaches New All-Time High After Fourth Consecutive Increase\" width=\"1280\" height=\"720\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/04\/diffd-300x169.jpg 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/04\/diffd-1024x576.jpg 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/04\/diffd-768x432.jpg 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/04\/diffd-190x107.jpg 190w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/04\/diffd-380x214.jpg 380w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2023\/04\/diffd-760x428.jpg 760w, https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2023\/04\/diffd.jpg 1280w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\"><\/p>\n<p><a href=\"https:\/\/www.coinwarz.com\/mining\/bitcoin\/hashrate-chart\">Statistics<\/a> from coinwarz.com indicate the network reached an all-time high of 414.33 EH\/s on March 25, 2023, at block height 782,408. At the current hashrate of 340 EH\/s, block intervals are still under the ten-minute mark, at eight minutes and 29 seconds to nine minutes and eight seconds on Thursday evening at 9:30 p.m. Eastern Time.<\/p>\n<p>Over the past three days, <a href=\"https:\/\/btc.com\/stats\/pool\">463 blocks<\/a> were discovered, with Foundry USA finding 159 blocks using 117.66 EH\/s, or roughly 34.34% of the global network. Antpool captured 95 blocks over the same period, with 70.30 EH\/s, or 20.52% of the network\u2019s hashpower. The average hashrate over the previous difficulty adjustment period was approximately 342.50 EH\/s.<\/p>\n<p><em><strong>What do you think about Bitcoin\u2019s fourth consecutive difficulty increase? Share your thoughts about this subject in the comments section below.<\/strong> <\/em><\/p>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\" rel=\"noopener\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On April 6, 2023, Bitcoin\u2019s difficulty rose 2.23% higher at block height 784,224, touching another all-time high. It\u2019s the fourth consecutive difficulty increase on the Bitcoin network since Feb. 24, and the protocol\u2019s current difficulty is 47.89 trillion, which is only 2.11 trillion away from reaching the 50 trillion range. Bitcoin Difficulty Jumps 2.23% Higher [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":72528,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-72527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/72527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=72527"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/72527\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/72528"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}