Bitcoin Mining Faces Record Difficulty: Pressure Mounts on Profit Margins

Recent data indicates that the difficulty of Bitcoin mining has reached an all-time high, creating substantial challenges for miners. The difficulty, which measures how hard it is to earn Bitcoins, has risen by 2.5% since the beginning of September 2024, hitting a mark of 41 trillion hashes per second. This increase in difficulty comes in response to a growing number of market participants, which threatens the profitability of many mining operations.

Continue reading