Bitcoin Mining Difficulty Hits Record High, Surpasses 100 Trillion Amid $73,700 Peak

Bitcoin mining difficulty has reached an all-time high, surpassing 100 trillion for the first time, as reported by Bitcoin Magazine and CoinDesk.

This milestone indicates a significant increase in mining efforts, which ensures that each block is mined at regular intervals, contributing to the network's security. The surge in difficulty is accompanied by an all-time high in Bitcoin’s hashrate, intensifying competition among miners.

As Bitcoin approaches its $73,700 peak, the costs and stakes for miners are at their highest, putting pressure on smaller mining operations.

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