Bitcoin mining difficulty hits all-time high

Description

Bitcoin’s (BTC) mining difficulty surged to an all-time high of 127.6 trillion this week, underscoring the network’s growing computational power. However, a downward adjustment is expected on August 9, with projections pointing to a roughly 3% decrease, bringing difficulty down to 123.7 trillion, according to data from CoinWarz. Currently, the average block time sits at approximately 10 minutes and 20 seconds, slightly above the protocol’s 10-minute target. Difficulty adjustments help bring this...