Bitcoin mining difficulty hit a new all-time high of 92.67 trillion on September 11, marking a 3.04% increase in the last 24 hours. This rise underscores the intensifying competition among miners.
The mining difficulty measures how challenging it is to find a valid hash for the next block, with higher difficulty requiring more computing power. The continued increase reflects the growing hash rate and adoption of Bitcoin, signaling strong network security and decentralization.
This surge in difficulty highlights the relentless demand for Bitcoin block rewards, despite challenging market conditions. The Bitcoin protocol adjusts difficulty to maintain a block production rate of approximately one every 10 minutes, ensuring a steady and predictable supply of new Bitcoin, a feature that attracts investors seeking stability compared to inflationary fiat currencies.