Bitcoin Hash Rate and Difficulty Reach New Highs
- Bitcoin‘s hash rate surged to a record high of 1.12 billion TH/s on September 12.
- The network’s difficulty also reached an all-time high of 136.04T.
- Miners’ reserves hit a recent high of 1.808 million BTC on September 9, indicating reduced selling pressure.
- Next difficulty adjustment is estimated to increase by approximately 6.38% to reach a value of around 144.72T.
The recent surge in Bitcoin’s hash rate and difficulty reflects increased computational power securing the network, setting new records in both metrics as miners hold onto their reserves amid expectations of price rallies.
With Bitcoin trading just under $115,000, these developments suggest a potential upward trend bolstered by miner confidence and market conditions favoring higher prices.( Source )
