⚡ BITCOIN DIFFICULTY BARELY MOVES — JUST -0.03%

Bitcoin just recorded one of its smallest mining difficulty adjustments in years.

At block:

969,696

the network reduced mining difficulty by only:

0.03%

New difficulty:

132.72 TRILLION

The previous level was approximately:

132.76 TRILLION

That makes the latest adjustment essentially flat.

In fact, the move was reportedly the smallest Bitcoin difficulty retarget since 2020.

Why does Bitcoin adjust difficulty?

Every 2,016 blocks, the network automatically changes how difficult it is for miners to find a new block.

The goal is simple:

Keep average block production close to one block every 10 minutes.

If blocks arrive too quickly:

Difficulty rises.

If blocks arrive too slowly:

Difficulty falls.

Important:

Nobody votes on this adjustment.

No company decides it.

No government approves it.

The change happens automatically under Bitcoin's consensus rules.

After major shifts in mining activity earlier this year, the latest retarget says something interesting:

For this two-week period, Bitcoin's mining competition was almost perfectly balanced.

@BitcoinNews