Bitcoin
Bitcoin network difficulty projected to increase by 5.5 percent on Friday
A rise in total computing power is set to trigger the third-largest upward difficulty adjustment on the Bitcoin network this year.
The Bitcoin network is slated to execute an upward mining difficulty adjustment of approximately 5.49 percent on Friday, October 16, around 14:00 UTC at block height 971,712. If realized, the increase will mark the third-largest upward revision of the year, raising production requirements for miners as the underlying asset trades 33.8 percent below its prior high of $126,080.
Difficulty currently stands at 132.72 trillion following a flat adjustment of minus 0.03 percent on October 3. The upcoming increase reflects elevated computational power over the current 2,016-block cycle, during which blocks have been solved at an average pace of 9.49 minutes instead of the targeted 10-minute interval.
With 78.3 percent of the adjustment window completed and 438 blocks remaining as of Tuesday afternoon, the projected rate is mathematically anchored to the elapsed block times. The exact timing and final percentage remain tied to the speed at which remaining blocks are processed before reaching the target height.
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