Bitcoin mining difficulty hits new ATH after record 7.3% spike

Bitcoin mining difficulty hits new ATH after record 7.3% spike

Bitcoin mining difficulty has surged to a new all-time high, reaching 75.50T at block height 828,576 on Feb. 2.

This increase in difficulty comes as the Bitcoin community anticipates the fourth halving event. The halving will reduce the reward for mining a new block, further escalating the competition among miners for diminishing rewards.