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Analysis

Despite Bitcoin’s price stagnation, its mining difficulty rises to new ATH

  • October 25, 2022

Bitcoin mining difficulty has recorded another increase in October, despite the stagnation of the price and a decrease in trading volume. Bitcoin mining difficulty reaches a new all-time high of 36.84T after a single increase of 3.44%. At the same time, average hashrate reached an ATH of 263.63 EH/s. 

The higher difficulty, the more computing power is needed to mine the same number of blocks, what makes the network more secure against attacks.

👉https://cryptorank.io/price/bitcoin


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