Bitcoin’s mining difficulty has once again reached an all-time high.

As a result of another recalculation, the complexity of mining Bitcoin, known as “difficulty,” has increased by 5.48%. The indicator updated the maximum to 57.12 T.

Still confusing?

Then let’s break down what Bitcoin mining difficulty is.

It’s quite simple: Bitcoin’s code is organized in such a way that increases the difficulty when more new miners join the network.

The higher the complexity, the more computing power miners need to solve the blocks.

Because miners must invest in more po$$werful hardware, which uses more energy and results in higher electricity bills, the constant rise in mining difficulty eventually makes mining less profitable. $BTC #DeFiChallenge #FutureofDeFi #CryptoTradingBots#DeFigoesMainstream #DeFiEthereum2.0