![Bitcoin mining difficulty to see largest increase in a year](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2024/02/hash.png&w=70&h=37&q=75)
Quick Take
Bitcoin’s difficulty adjustment is poised for another significant shift with an upcoming 7% adjustment, according to Newhedge.
This marks the largest difficulty increase in almost a year since March 2023. The evolution of Bitcoin’s mining difficulty is a significant indicator of the network’s health and security.
The previous difficulty adjustment registered a decrease of -3.9%, marking the most substantial downward adjustment since December 2022.
![Difficulty Adjustment: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2024/02/diff.png)
Interestingly, this development comes on the heels of a notable drop in hash rate triggered by the recent Texas freeze. CryptoSlate’s coverage indicated this event led to a substantial decline in hash rate, which has since recovered, albeit still slightly below its all-time high at approximately 533 eh/s.
![Hash Rate: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2024/02/hash-1.png)