Bitcoin Difficulty Touches All-Time High, 120 Exahash of Hashpower Remains Strong

Bitcoin.com | Jul 13, 2020 at 9:50 PM
  • The network difficulty for the Bitcoin network spiked over 9.8% on Monday bringing the difficulty to its highest point ever.
  • Essentially the lower the difficulty, the easier it is to find blocks on the BTC network, and the higher the difficulty means acquiring bitcoins via mining is much harder.
  • Despite the jump in difficulty to 17.35 trillion, the overall BTC global hashrate has remained high above the 120 EH/s range.