Bitcoin (BTC) Mining Difficulty Reaches Lifetime High

On October 24th, Bitcoin (BTC) recorded a new all-time high of hashrate and mining difficulty. Based on the graphs by BTC.com, BTC hashrate reaches 258.68 exahash per second (EH/s), whereas the recorded difficulty equates to 36.84 trillion - a 3.44% increase since the previously registered numbers.

The network’s growing mining difficulty and hashrate show that despite the BTC price currently bouncing around the $19k level, the miners’ interest in the Bitcoin platform does not decrease.

Bitcoin (BTC) difficulty chart signifies resistance

Bitcoin mining difficulty indicates how much time it takes to solve a cryptographic puzzle, in other words - finding the right hash for a block. The level of mining difficulty is subject to change over time, meaning it is able to decrease or increase depending on various factors.

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BTC’s mining difficulty jumped by 16.99% over the previous two weeks, whilst the block height reached 760,032. These are the highest recorded numbers for the Bitcoin network, as of yet.

Bitcoin (BTC) miners remain positive about the network’s future

Despite the fluctuating price, Bitcoin is still being praised by many global crypto experts, with some predicting a possible growth in value and further development of the network.

GetBlock - a top-tier blockchain-as-a-service provider for over 40 leading networks - offers access to the Bitcoin blockchain for all kinds of businesses - from professional crypto firms to web3 startups. Let’s take a quick look at some of the services available at hand.

BTC shared nodes, provided by GetBlock, give access to peer-shared infrastructure, where users can carry out testnet testing before launching dApps in the mainnet, whereas dedicated nodes for Bitcoin are designed individually depending on each client’s specific requirements. GetBlock nodes are geographically distributed and are located in different parts of Europe, Asia, and America. Web3 developers can gain secure access to various API endpoints, an unlimited number of requests per second, 24/7 online technical support, and so much more.

To integrate Bitcoin blockchain nodes into your projects, please log in to your GetBlock account or refer to GetBlock’s customer support page.