Bitcoin Mining Difficulty Reaches All-Time High

According to blockchain tracker CloverPool, Bitcoin’s mining difficulty has set a new record at 100 trillion on block 868,896, surpassing the previous high of 95.7 trillion recorded two weeks ago.

This increase highlights heightened miner activity, likely spurred by Bitcoin's rising value. Higher mining difficulty, however, makes the process more energy-intensive and costly, potentially affecting miners' profitability.

Experts note that the surge reflects Bitcoin’s strengthening security network but could also lead to more competition among miners.

Salman Khan Follow