Bitcoin Mining Difficulty Hits Record 150.84T After Seventh Consecutive Rise
Bitcoin network's hashrate surpasses 1.05 ZH/s, but the decline in hashprice highlights ongoing profitability struggles for miners.
BTC
Summary
Bitcoin's mining difficulty increased by 5% to 150.84 trillion, marking its seventh consecutive rise and setting a new all-time high. The network’s hashrate exceeded 1.05 zettahashes per second, but miner profitability remains under pressure as hashprice dropped below $50 per petahash per second.
Terms & Concepts
- Mining Difficulty: A measure of how hard it is to find a new block in the Bitcoin blockchain, adjusted regularly based on network hashrate.
- Hashrate: The total computational power used by miners to process transactions and secure the blockchain, measured in hashes per second.
- Hashprice: A metric representing miner revenue per unit of hashing power, usually expressed in dollars per petahash per second.