• On January 12, Bitcoin mining difficulty reached a new all-time high, growing by 0.61%.
• The indicator reached 110.45 T.
• The average hashrate is 790.65 EH/s.

On January 12, 2025, the mining difficulty of the first cryptocurrency updated its historical maximum at 110.45 T. Since the last date of change, it has grown by 0.64%, according to CloverPool.

The current average hashrate on the Bitcoin network is 790.65 EH/s.

The Block explained that mining difficulty is not measured in specific units. It is a relative indicator that shows how much harder it is to mine a new block compared to the easiest period in history. The system automatically adjusts this parameter every 2016 blocks, which is about two weeks.

The higher the mining difficulty, the more computing power and electricity miners need to find the correct hash of a new block. An increase in this indicator indicates an increase in miner activity, while a decrease indicates a decrease in such activity.

The increase in difficulty also brings the date of the next Bitcoin halving closer, the last of which took place on April 20, 2024.

The next recount is expected to take place on January 26, 2025.

Earlier, we reported that Bitcoin has outperformed most miner stocks in terms of profitability.