Bitcoin, mining difficulty declines…hashrate remains at record high

Uk Jin

Summary

Bitcoin (BTC) mining difficulty recently recorded 146.7 trillion, down 2.7%.
On the same day, the hashrate surpassed an all-time high of 1.2 trillion hashes per second, indicating miners' burdens persist.
Cointelegraph explained that the rise in hashrate is intensifying mining competition and could pressure miners' profitability.

Bitcoin (BTC)'s mining difficulty has been on a downward trend. However, analysis suggested that the hashrate, which denotes the network's computational power, has remained at an all-time high, so miners' burdens persist.

On the 20th (Korean time), according to Cointelegraph, Bitcoin's mining difficulty recorded 146.7 trillion, a 2.7% drop from the previous period's record high of 150.8 trillion. CoinWarz projected that the difficulty could rise again to 156.92 trillion in the next difficulty adjustment.

However, on the same day, the network hashrate surpassed 1.2 trillion hashes per second, maintaining an all-time high. Cointelegraph explained "The rise in hashrate is likely to intensify competition among miners and pressure profitability," adding, "miners are facing complex difficulties such as block reward reduction, high electricity costs, and trade policies."

BTC