Bitcoin mining has reached a historical peak, with the mining difficulty skyrocketing by 5.07% to an all-time high of 67.96 terahashes at block height 818496. This marks a historic moment for the digital currency, with the network’s computational power now at an impressive 504.80 exahashes per second. Throughout 2023, fluctuations in mining difficulty have been observed, reflecting the network’s adaptive mechanisms for stability. The surge in hashrate, reaching 491 EH/s, precedes the much-anticipated halving event, expected to further influence Bitcoin’s value.