Bitcoin network struggles to jump more than 9% to reach all highs
According to BTC.com, which tracks hard data mining, the difficulty of the Bitcoin network has increased by 9.32%, according to Golden Financial. This is the second jump in 2022 and was offset by a correction of 0.41% on January 8. The hardest part of mining the Bitcoin network is fixing all the blocks from 2016 for two weeks. The purpose of the hard hash switch is to control the average blocking time between 10 minutes, because the actual blocking time changes frequently, but the number of hashes changes up and down. Aside from the 1.49% plunge on Nov. 28, the Bitcoin network's struggles have grown over the years. According to an analysis by the Research Block, Bitcoin's total hashrate has increased by around 18 EH/s since December 11. CDG Foundry USA added 5 PE/s during this period. The second fastest growing F2Pool has a hashrate of 3.3 EH/s. (bitcoin.com)
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