Bitcoin mining difficulty reached an all-time high of 83.95 trillion hashes yesterday, coinciding with a new record price of $73,835.
This increase in difficulty is linked to the upcoming halving, scheduled for April, and an increase in investor confidence.
Difficulty is a metric that measures the level of difficulty in mining Bitcoin, adjusting based on the number of miners on the network.
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The previous measurement on February 29 was 79.35 billion, up 5.8%. The current rate is 613.94 EH/s, an increase of 1.96% over the last cycle's rate of 602.14 EH/s.
About a month ago, on February 15, the difficulty exceeded 80 billion before falling in the February 29 update.