Bitcoin's mining difficulty, the measure of how hard and time-consuming it is to find a suitable hash for each block on the blockchain, has increased by 2.23% at block height 784,224, marking the fourth consecutive increase. The latest adjustment pushes the difficulty metric to a record high of 47.89 trillion, making it harder than ever to mine a Bitcoin block. Despite this, miner revenue has also increased, with miners making just under $732 million in March from block subsidies and transaction fees combined. The increased revenue correlates with the price of Bitcoin, which has risen by 69% since January 1 and nearly 26% over the past month, more than enough to counteract the increased mining costs.

On April 6, 2023, Bitcoin's difficulty rose to another all-time high of approximately 47.89 trillion, making it harder than ever for miners to find blocks. This was the fourth consecutive increase since Feb. 24, with the latest increase being 2.23% higher than the previous two weeks. Despite the difficulty rise, the hashrate remains high at 340.61 exahash per second (EH/s), and last month, it reached 400 EH/s on March 23. The network reached an all-time high hashrate of 414.33 EH/s on March 25, and block intervals are currently under the ten-minute mark, at eight minutes and 29 seconds to nine minutes and eight seconds. Foundry USA found the most blocks over the past three days, with 159 blocks using 117.66 EH/s, or roughly 34.34% of the global network. Antpool captured 95 blocks over the same period, with 70.30 EH/s, or 20.52% of the network's hashpower. (Bitcoin.com)

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