Bitcoin Mining Difficulty Hits Record High of 17.3 Trillion

Following last week’s record-high Bitcoin hash rate, the latest difficulty adjustment saw a change of +9.89%, bringing the level to a new all-time high of over 17.3 trillion on July 13. This is more positive news for investors concerned about a previous drop in hash rate and difficulty after May’s third reward halving event.

There was a significant drop in hash rate immediately after the halving, followed by two reductions in the mining difficulty. It generally fluctuates with the hash rate (increasing hash power means quicker blocks so difficulty must also be increased), although the overarching trend tends to be upwards.

Timeline of Bitcoin