Data: Bitcoin mining difficulty increased by 1.16% to 43.55T, a record high

According to the report, the data shows that the mining difficulty of Bitcoin has increased by 1.16% to 43.55T, a record high. At present, the average computing power of the whole network is 313.26 EH/s.

Interpretation of this information:

The message is conveying information about the current state of Bitcoin mining difficulty and computing power. The data indicates that the mining difficulty of Bitcoin has increased by 1.16%, reaching a new high of 43.55T. This implies that the system is now more secure due to the increased hash power required to mine Bitcoin.

The rise in difficulty can be attributed to the continuous competition among miners in the network. As more miners join the network, the competition becomes stiffer hence the need for more computing power to solve complex mathematical problems.

Moreover, the average computing power of the whole network is now at 313.26 EH/s, pointing to the fact that the network is robust and has a considerable amount of computing power at its disposal. Despite the challenges posed by the Covid-19 pandemic, the network has experienced continued growth, and this is a positive indication for the health of the Bitcoin network.

In conclusion, the message indicates that the Bitcoin network is currently experiencing a high level of mining difficulty and computing power. The network’s robustness and security have been strengthened by the increase in mining difficulty, which has the potential to deter malicious actors. Hence, the keywords to summarize this message are: Bitcoin mining difficulty, computing power, and network robustness.