Bitcoin Mining Difficulty Increased by 3.9% to 95.7 T

A 3.9% increase in Bitcoin mining difficulty was recently recorded, which led to a new record high of 95.7 terahash (T). This data was provided by MemPool Space.

The increase in mining difficulty occurs automatically every 2016 blocks, which takes approximately 10 minutes. This process is due to the increase in the number of miners in the network. If the number of miners decreases, the mining difficulty also decreases, as experts note.

The Bitcoin hashrate reached 715.6 exahash per second (Eh/s). After the April halving, mining profitability has significantly decreased. Before the block reward reduction, miners received up to 72.4 million$ , and after the halving, this amount decreased to 25-35 million$ (according to Block Research).