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Topic: [2024-03-14] Bitcoin Mining Hits Record Difficulty ... (Read 65 times)

legendary
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Blackjack.fun
Mining Bitcoin has reached unprecedented levels of difficulty, peaking at 83.95 trillion on Thursday. This adjustment occurred at block height 834,624, with roughly 1,960 blocks remaining until the next recalibration.

Whoever wrote this made it sound like the adjustment period is suddenly 1960 blocks instead of 2016 because of the increased hashrate.
I read that three times before realizing that he counter the block remaining while he was writing the article, which is pretty useless if you raed it one day later.

Concurrently, Bitcoin’s computing power has soared to new heights, registering a peak hashrate of 628 exahash per second (EH/s) on Mar. 12, 2024. Since that peak, the hashrate has slightly decreased to 624 EH/s, as reported by the seven-day simple moving average (SMA) available on hashrateindex.com.

That's the problem with calculating daily hasharte, it's such a random interval and it depends a lot at which hour your day starts, because there is a different between the number of blocks mined on the 12th when you  compare Pacific Time and CET!
Because of that the actual highest is 649EH/s and it happened on February 3rd, if you consider GMT time.

Bitcoin halving event, which will slash miners’ block rewards from 6.25 bitcoins per block to 3.125 bitcoins per block.

Also called mandatory coloscopy day for all miners  Grin
legendary
Activity: 1554
Merit: 1021
Bitcoin Mining Hits Record Difficulty as Countdown to 2024 Halving Begins

On Thursday, Bitcoin’s network difficulty escalated by 5.79% at block height 834,624, signaling the year’s fourth rising adjustment. The mining difficulty now stands at an unprecedented peak of 83.95 trillion, with the forthcoming adjustment anticipated around March 27, 2024.

Bitcoin Difficulty Jumps 5.79%

Mining Bitcoin has reached unprecedented levels of difficulty, peaking at 83.95 trillion on Thursday. This adjustment occurred at block height 834,624, with roughly 1,960 blocks remaining until the next recalibration. The year 2024 has witnessed four increases and two decreases in mining difficulty so far.

Concurrently, Bitcoin’s computing power has soared to new heights, registering a peak hashrate of 628 exahash per second (EH/s) on Mar. 12, 2024. Since that peak, the hashrate has slightly decreased to 624 EH/s, as reported by the seven-day simple moving average (SMA) available on hashrateindex.com.

As of this moment, less than 5,500 blocks remain before the next Bitcoin halving event, which will slash miners’ block rewards from 6.25 bitcoins per block to 3.125 bitcoins per block. Miners will face two more difficulty adjustments before the halving, expected to take place around April 19, 2024.

Source: https://news.bitcoin.com/bitcoin-mining-hits-record-difficulty-as-countdown-to-2024-halving-begins/
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