BTC Mining Difficulty Exceeds 80 Trillion: Report
TEHRAN (Tasnim) – Bitcoin (BTC) mining difficulty, which measures how difficult it is to solve the complicated cryptographic puzzles used in the mining process, crossed 80 trillion on Friday February 16.
At its automated readjustment on February 15, 2024, Bitcoin mining difficulty was due to increase by an estimated 6 percent.
According to the data from monitoring resource BTC.com, if it comes to pass, it will take the difficulty to new all-time highs above 80 trillion for the first time.
Bitcoin stuck to $52,000 at the Feb. 16 Wall Street open as the latest United States macro data exceeded expectations. Data from Cointelegraph Markets Pro and TradingView showed stagnant BTC price action into the week’s last TradFi trading session, cointelegraph.com reported.
According to Galaxy Digital analysts, as much as 20% of Bitcoin’s current hash rate could go offline after the Bitcoin halving and leave only the most efficient mining rigs standing.
