Bitcoin miners have faced challenges over the past year, amid reduced block rewards, rising energy prices, a crypto bear market and geopolitical shocks.
Bitcoin (BTC) mining difficulty, the relative challenge of adding new blocks to the BTC blockchain, fell on Saturday, amid public mining companies selling record amounts of BTC to cover operating expenses.
Bitcoin mining difficulty fell to about 135.59 T, a modest decrease of 1.1% over the last 24 hours, according to data from CoinWarz. Mining difficulty is projected to increase in the next adjustment period. CoinWarz said:
Bitcoin miners have faced mounting challenges over the past year, as reduced block rewards, rising energy prices, a crypto bear market and geopolitical shocks create economic headwinds for miners.
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