On Sunday, November 19, 2023, Bitcoin’s hashrate maintained a steady pace at 468 exahash per second (EH/s), surpassing the intended ten-minute block interval average. The most recent block was processed in just 7 minutes and 37 seconds. Present observations suggest that if this trend in block intervals persists, the network could anticipate a 3% increase in difficulty, marking the seventh consecutive rise since September 19. Efficient Mining Tech and Higher Prices Fuel Bitcoin’s Rapid Hashrate Growth in 2023 As of block height 817,532, a significant 93.08% of all bitcoins destined to be in circulation have already been mined, amounting to roughly 19,546,861.78 BTC at the time of writing. Block times have been consistently shorter than the target average of ten minutes, ranging between 9 minutes and 43 seconds to 7 minutes and 37 seconds , with a median average of 9 minutes and 40 seconds over the last day. Despite the previous difficulty adjustment, Bitcoin’s hashrate continues t
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