Bitcoin mining difficulty breaks through the 136T mark, miners face the strongest survival challenge in history!
The world of Bitcoin mining is becoming more brutal than ever. The latest data shows that the overall mining difficulty has surged by 4.89%, reaching an astonishing 136.04T, setting a new historical peak—this has occurred just months after the fourth halving.
In April this year, Bitcoin underwent another halving, reducing the mining reward from 6.25 BTC to 3.125 BTC. Many predicted that a batch of miners would be forced to exit, leading to a decline in hash rate. However, the reality was unexpected: the overall hash rate not only did not drop but actually increased, and mining difficulty continued to rise.
Why is there such a divergence? Behind this is actually a dual battle of technology and capital.
Despite the halving of rewards, the price of Bitcoin remains relatively high, providing profit margins for miners with cost advantages. More crucially, ASIC mining machines are rapidly iterating, with a significant improvement in energy efficiency for the new generation of equipment. Those enterprises that master cheap electricity, have large scales, and are the first to deploy the latest mining machines are still profitable in this game.
However, this game does not have a "win-win" scenario. The continuously rising difficulty and electricity costs are rapidly consuming the survival space of small and medium-sized miners. The industry shows a clear "the strong get stronger" effect, with large mining farms continuously expanding, while individuals and small teams face the fate of elimination.
Bitcoin mining is no longer a simple competition for hash rate, but has evolved into a comprehensive breakout involving capital, technology, and resources. Are you curious how this smoke-free hash rate war will ultimately reshape the power structure of the cryptocurrency world?
