Bitcoin's mining difficulty has reached a new all-time high of 110.45 trillion, making it over 110 trillion times harder than it was when Bitcoin was first created. This is the eighth consecutive positive adjustment in difficulty, putting additional pressure on miners and leading some to pivot into other industries like high-performance computing and artificial intelligence. Similar patterns of consecutive positive adjustments have been seen in the past, indicating potential cycle tops and bottoms. The hashrate remains strong, with the possibility of reaching 1 zettahash per second before the next halving.



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