#Bitcoin Difficulty Jumps More Than 6% Higher

On August 22, 2023, Bitcoin’s network difficulty surged by 6.17%, setting a record at 55.62 trillion.

This spike signals that miners will have to exert significantly more computational muscle to discover blocks.

So far in August, there have been two notable shifts: a modest 0.12% increase on August 9, 2023, and the substantial 6.17% climb.

Coupled with the recent dip in BTC’s value, miners are grappling with heightened challenges.