Bitcoin mining difficulty has increased by 5% to a new record high of 150.84 trillion, marking the seventh consecutive adjustment. The network's hashrate has surpassed 1.05 zettahashes per second (ZH/s). This rise in difficulty, coupled with low transaction fees, has caused the Hashprice, a key miner revenue metric, to fall below $50 per petahash per second (PH/s), down from $52 when Bitcoin reached $118,000 this summer. Despite the narrowing profit margins, some mining company stocks have risen alongside Bitcoin's recent price increase.
Bitcoin Mining Difficulty Hits Record High as Hashrate Surpasses 1.05 ZH/s
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.