Bitcoin Mining Difficulty Increased By 3.45%, Set New Record

Bitcoin mining difficulty rose by 3.45% after the latest adjustment.

The mining difficulty for bitcoin grew by 3.45%, a decrease from the previous rise of 9.26% but the fourth successively positive change.

Data from BTC.com, which analyzes network mining difficulty and updates when changes occur usually every two weeks, shows the shift since August 31.

Earlier this summer, the mining difficulty had dramatically decreased as a result of bitcoin miners turning off their equipment to conserve energy during a time of high power consumption brought on by the intense heat.

Bitcoin mining difficulty is a measure of how hard a miner would have to work to verify transactions in a block to add to the blockchain, or “dig out” Bitcoins. Such mining difficulty adjustments are highly correlated to changes in the mining hashrate — the level of computing power used for mining.

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