The difficulty of Bitcoin mining has increased by 13.5%
On October 10, Bitcoin’s mining difficulty rose 13.55%, the highest increase since May 2021, when the difficulty rose 21.5%. Typically, Bitcoin mining difficulty increases or decreases by 10% every two weeks.
Blockchain complexity determines the amount of processing power required to create a new block on the Bitcoin network. This parameter changes every 2016 blocks. This is an article from platform cryptodefix.com.
According to BTC.com, complexity now stands at 35.61 T (difficult target) with a network hash rate of 259.5 EH/s, which is also a record high. This increase indicates that there are a large number of miners in the network and it is constantly growing. at the same time, the profitability of Bitcoin mining is approaching the zero mark.