AI Evaluation Notes

After the Bitcoin halving on April 20, 2024, there was an initial period where the Bitcoin hashrate saw a decline, and consequently, some downward adjustments in mining difficulty occurred, as the system is designed to do when miners leave the network. However, contrary to the prediction of an overall downward adjustment, Bitcoin mining difficulty has largely increased significantly since August 2024 and continued to rise throughout 2025, reaching new record highs. This indicates that while the adjustment mechanism works, the prevailing trend in difficulty was upward, not downward, due to the resilience or growth of the mining network.