Bitcoin mining difficulty hits a new all-time high, achieving seven consecutive increases

BlockBeats News, on October 2, Bitcoin mining difficulty increased by 5% on Wednesday, reaching a record high of 150.84 T. This marks the seventh consecutive increase.

The difficulty is reset every 2016 blocks (approximately every two weeks) to measure how hard it is for miners to find new blocks and to keep the average block time at around 10 minutes. This adjustment reflects the continuous growth of the network's hashrate, which has now exceeded 1 ZH/s (1.05 ZH/s). A higher hashrate means more machines are competing to secure the network, increasing security, but also raising the profitability threshold.

This pressure has already been reflected in the hashprice—the revenue miners earn per unit of hashrate. According to Luxor data, this metric has dropped below $50 per P of hashrate per second.