Bitcoin mining difficulty sees 7% uptick in 11th such rise this year

Quick Take

The difficulty level of Bitcoin mining has recently undergone an upward adjustment exceeding 7%. This noteworthy shift signifies the 11th such increase seen this year, clearly highlighting a pattern of escalating difficulty.

Interestingly, the last adjustment trended in the contrary direction, making the present increase the second-largest adjustment observed this year. These fluctuations are instrumental in comprehending the terrain of Bitcoin mining, as they directly correlate with the effort required to generate new blocks.