Bitcoin’s mining network just set a new record for difficulty, climbing to 127.6 trillion — a level that reflects both the fierce competition among miners and the sheer computing power behind the blockchain.
That peak might not last long, though. Forecasts suggest the next scheduled adjustment on August 9 will lower difficulty by around 3%, bringing it closer to 123.7 trillion.
The shift comes after a brief cooling earlier this summer. In late June and the first half of July, difficulty slipped to 116.9 trillion before regaining momentum toward the end of the month. Such fluctuations are normal and closely tied to hashrate — the aggregate processing power miners dedicate to securing the network.
This mechanism is more than just a technical detail. By recalibrating every two weeks, difficulty helps maintain Bitcoin’s scarcity and supports its exceptionally high stock-to-flow ratio — currently estimated at 120, twice that of gold. With roughly 94% of all BTC already mined, new supply enters the market at a highly controlled pace, insulating prices from the type of overproduction shocks that can destabilize other commodities like silver.
The process works in both directions. When more miners join and the hashrate climbs, difficulty increases to keep block creation near the 10-minute target. If computing power drops, the difficulty eases to prevent a slowdown in block production. This self-correcting design is a core feature of Bitcoin’s economic model, ensuring predictable issuance while reinforcing its status as one of the scarcest assets in the world.
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Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/bitcoin-mining-difficulty-to-ease-after-reaching-all-time-high/