The mining difficulty of Bitcoin has reached an unprecedented level — 129.7 trillion (T). This figure, which reflects the computational efforts required to create a new block in the Bitcoin blockchain, peaked after the last adjustment period. Following the 2024 halving, the network's hash rate continues to increase due to active participation from miners worldwide.
The mining difficulty is adjusted every 2016 blocks — approximately every two weeks — to maintain a target block creation time of 10 minutes. The jump to 129.7 T reflects an increase in the hash rate, estimated at over 600 exahashes per second (EH/s). This indicates an increase in the security and decentralization of the Bitcoin network, making it harder for a single party to dominate or launch an attack. This is facilitated by advancements in mining equipment, particularly more efficient ASICs, and the influx of institutional players following the halving, which reduced the block reward to 3.125 $BTC
However, the record difficulty creates challenges for small miners. Increased competition and rising electricity costs may lead to centralization in regions with cheap electricity, such as Texas or Kazakhstan. At the same time, this strengthens Bitcoin's defense against 51% attacks, boosting investor confidence.
Experts predict further increases in difficulty. For miners, the key to profitability will be adapting to sustainable practices in this competitive environment.
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