Summary
- Reported that Bitcoin mining difficulty reached an all-time high.
- Analysis suggested that mining companies could face difficulties due to the rise in mining difficulty.
- It said that concerns are growing over rising mining costs and centralization by large mining companies.
Bitcoin (BTC) mining difficulty has reached an all-time high.
On the 7th (Korean time), according to crypto-focused outlet Cointelegraph, Bitcoin mining difficulty recorded 134.7 trillion as of that day, marking an all-time high.
Bitcoin hashrate (the average total number of hashes processed per second by all miners on the network) fell to 967 billion per second.
The increase in mining difficulty could cause the mining industry to face hardships. The outlet explained, "As the resources required to mine on the Bitcoin network increase, mining costs are rising," and "concerns about centralization by large mining companies and pools are also growing."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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