BTC mining difficulty

Bitcoin (BTC) Mining Difficulty Reaches Lifetime High

On October 24, Bitcoin (BTC) hashrate and mining difficulty hit new all-time highs. According to the BTC.com chart, the BTC hashrate reached 258.68 exahashes per second (EH/s) while the recorded difficulty was 36.84 trillion, a 3.44% increase from the previously recorded figure.

The network’s growing mining difficulty and hashrate suggest that miners’ interest in the Bitcoin platform has not waned, even though the price of BTC has now jumped to $19,000.

Bitcoin (BTC) difficulty chart signifies resistance

Bitcoin mining difficulty represents how much time does it take to solve a cryptographic puzzle, in other words — to find the correct hash for a block. Mining difficulty changes over time, which means it can decrease or increase depending on various factors.

BTC.com statistics

Source

Over the last two weeks, mining difficulty for Bitcoin rose up to 16.99%. This happened due to a block height of 760,032, which is the highest record for the Bitcoin network.

Bitcoin (BTC) miners remain positive about the network’s future

Despite the price volatility, Bitcoin remains well-received by many global cryptocurrency experts, with some predicting that the network may grow further.

GetBlock — is the leading blockchain-as-a-service provider for more than 40 leading networks. It provides access to the Bitcoin blockchain for businesses of all types: from professional crypto companies to Web3 startups. Let’s take a quick look at some of the services available.

Out of the many nodes available in the Bitcoin environment, GetBlock provides BTC shared nodes. These provide access to peer-shared infrastructure, allowing developers to perform testnet testing before launching their mainnet dApps. Personal BTC dedicated nodes are designed for each client’s specific requirements and are created by GetBlock separately for Asia, America, Europe and others. This guarantees secure access to additional API endpoints, more requests per second, 24/7 online technical support and more.

To integrate a Bitcoin blockchain node into your project, log in to your GetBlock account or visit GetBlock’s customer support page.

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GetBlock is a service that provides fast and easy API connection to blockchain nodes of 40+ cryptocurrencies.