CandleFocus Bitcoin Mining Is Now More Difficult Than Ever Before
2025-01-13
Author: Content Editor
Bitcoin's mining difficulty has reached a new all-time high of 110.45 trillion, making it harder than ever before to mine new blocks. Mining operations race to solve mathematical problems, and the fastest miner processes transactions and adds them to the ledger, earning newly minted digital coins as a reward. The increasing difficulty is a positive sign for the network's strength and security. Bitcoin's price recently hit a high of over $108,000 per coin but dipped due to concerns about the US central bank's interest rate policy. It is currently priced at over $94,170.
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