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Somie
@somaie
As the hash rate increases, so does the target difficulty to successfully mine a valid block. The Bitcoin protocol automatically adjusts the difficulty to account for rising and falling hash rate on the network. Presently, the average required number of hashes to mine a block is 338k exahash. This is the second largest difficulty throughout Bitcoin’s lifespan, highlighting the ever-growing competitiveness of the mining industry.
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