Bitcoin mining difficulty has reached a new all-time high of 101.65 trillion, putting pressure on smaller miners who may have limited cash reserves. Mining difficulty measures the difficulty of discovering new blocks on the Bitcoin blockchain, and it adjusts every two weeks. The higher the difficulty, the more strain on the mining industry. Additionally, Bitcoin's hashrate, which measures the computational power required for mining, hit a record high of 755 EH/s. Miners are currently spending 100% of the total mined supply, with an average of 450 bitcoin being mined per day. This suggests that miners are in a relatively healthy position, as the less they spend, the less sell-side pressure occurs.



Other News from Today