The Bitcoin mining difficulty, which gauges how hard it is to solve the intricate cryptocurrencygraphic problems required for mining, crossed 80 trillion on Friday, February 16.
With a mining difficulty of 81.73 trillion, the hash rate which represents the total processing power of miners rose to 562.81 EH/s, marking a new milestone, according to BTC.com.
In order to guarantee that new blocks are generated around every 10 minutes, the Bitcoin mining algorithm difficulty automatically modifies every 2,016 blocks every two weeks. The more miners that participate, the more difficult the process becomes, and vice versa.
This difficulty has more than doubled in the last year, a sign of the growing need for energy and processing capacity among miners.
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