
Bitcoin’s mining difficulty has reached a new peak, driven by record increases in computing power, while raising concerns about network centralization and energy competition.
Bitcoin’s mining difficulty surged to an all-time high of 142.3 trillion, driven by a record hash rate of 1.1 trillion hashes per second. This increase is linked to the influx of new computing power, but raises concerns over centralization as large miners with access to cheap energy dominate the sector. Governments, such as those in Bhutan, Pakistan, and Texas, are also utilizing surplus energy for mining operations, further intensifying competition.