Bitcoin mining difficulty rises 7.6% to set new all-time high as hashrate jumps

Bitcoin’s mining difficulty level rose 7.56%, hitting an all-time high along with the network’s hashrate, showing miners are applying more computing power. The difficulty changes roughly every two weeks, and is a measure of how much computing power is required for mining bitcoin blocks to be rewarded with Bitcoins.

The mining difficulty reading came in at 46.84 trillion at block height 782,208 in Friday’s adjustment, following a 1.16% rise in the previous adjustment on March 11, according to data from BTC.com.

Bitcoin’s hashrate was at around 395.15 exahashes per second on Thursday, reaching an all-time high, BTC.com data showed.