Mining pools are facing an increase in mining difficulty #BTC
The mining difficulty of Bitcoin has reached a new all-time high, increasing by 3.7% over the past 24 hours, according to data from BTC.com. This increase complicates the process of mining new blocks, requiring miners to use more computational resources and energy. The rise in difficulty reflects the growth of the network's hash rate, indicating an expansion of infrastructure and stability of the Bitcoin network.
The increase in mining difficulty puts pressure on smaller mining pools, which may face losses due to rising costs. Large players with access to modern equipment and cheap energy sources are likely to continue dominating the market. This may lead to further consolidation in the industry, where survival will depend on the scale of operations and the ability to adapt to new conditions.
Experts believe that the current increase in difficulty is a natural result of the growing popularity of Bitcoin and an influx of investments, including the recent success of the Bitcoin ETF. However, it also highlights the need for innovations in mining energy efficiency.