Bitcoin Mining Difficulty Reaches All-Time High of 110.45T

Bitcoin's mining difficulty has reached an all-time high of 110.45 trillion, making it approximately 110.45 trillion times harder to mine than at its genesis. This is the eighth consecutive positive adjustment, necessitating blocks be mined every 10 minutes.

  • Publicly traded miners are diversifying into high-performance computing and AI due to increased mining challenges.
  • MARA Holdings issued convertible bonds to buy bitcoin and is lending out its bitcoin for yield.
  • Past records show similar adjustments during market peaks, such as 2021's bull market top at around $69,000 and 2017's peak near $20,000.
  • The current hashrate averages 775 EH/s, with projections suggesting it could reach 1 zettahash per second before the next halving.