New records continue to be set in the bitcoin (BTC) ecosystem, which has seen the mining difficulty adjustment rise to a new all-time high of 110.45T (trillion). 110.45 trillion means that the difficulty is approximately 110.45 trillion times harder than it was at the time of Bitcoin’s genesis block.
The difficulty adjustment adjusts every 2,016 blocks and recalibrates to ensure blocks are mined on average every 10 minutes.
This is now the eighth consecutive positive adjustment in difficulty, which puts further pressure on miners as the industry becomes more cutthroat and harder to mine a block to receive bitcoin rewards.
This is one of the reasons why some of the publicly traded miners have pivoted into the high-performance computing (HPC) and artificial intelligence (AI) industries as they couldn’t survive on by mining bitcoin alone. In addition, we have seen MARA Holdings (MARA) issue convertible bonds to buy bitcoin. On top of…
