The Bitcoin (BTC) network is showing impressive signs of health as the mining difficult has increased based on the recent adjustment from the protocol. According to data from crypto on-chain analytics platform Glassnode, the difficulty’s latest adjustment has placed the estimated number of hashes required to mine a block at a newAll-Time High (ATH) of 209 zettahashes (10^21).

The mining difficulty is a performance metric that is used to judge the health of the Bitcoin network. While it is most commonly used for Bitcoin, it can infact, be applied to different digital currencies using the Proof-of-Work (PoW) consensus mechanism. For BTC, the mining difficulty is adjusted every two weeks.

That the mining difficulty is growing is a testament to more miners entering into the network in a bid to scoop up the Bitcoin reward associated with the high capital intensive ability. The financial strain most miners experienced over the past year when the crypto winter was blowing so cold forced many to halt some or all of their operations.

(By Godfrey Benjamin)