$BTC The difficulty of Bitcoin mining has slightly decreased from its recent all-time high

It slightly decreased on Saturday after reaching an all-time high of 126.9 trillion on May 31, at the beginning of the previous difficulty adjustment period.

Higher mining difficulty and a higher network hashrate, which is an independent but related measure of the total computing power that secures the Bitcoin protocol, translate into increased competition among miners and higher production costs.

Miners continue to face financial pressures due to the reduction in the block reward following the halving in April 2024, rising operational costs, and increased mining difficulty, which has changed the calculations for mining companies struggling to remain profitable.

The mining company MARA announced that it increased its BTC production by 35% in May, amid a record hashrate and market volatility.

On April 5, the Bitcoin network hashrate surpassed 1 Zettahash per second (ZH/s) in computing power, a significant milestone for the decentralized monetary protocol.

Despite this, MARA announced that it mined 950 Bitcoin in May and increased its corporate treasury reserves to 49,179 BTC, making it one of the largest holders of BTC in the world.