Bitcoin network difficulty jumps more than 9% to a new all-time high

According to BTC.com, which tracks mining difficulty data, the difficulty of the Bitcoin network has risen by 9.32%. This is the second jump in 2022. The last time it occurred on January 8, there was an adjustment of 0.41%.

The Bitcoin network’s mining difficulty level is adjusted every 2,016 blocks, or about two weeks. The goal of the difficulty change is to maintain an average block time of 10 minutes as the hash rate rises and falls, although the actual block time varies frequently.

Aside from a 1.49% drop on November 28, Bitcoin network difficulty has been growing over the past year.

According to analysis by The Block Research, the total Bitcoin hashrate has increased by about 18 EH/s since December 11. Among them, Foundry USA, a CDG-owned company, has added about 5 EH/s during this period. The second fastest growing company is F2Pool, which has increased its hashrate by 3.3 EH/s.