It’s gotten even harder to mine Bitcoin. Bitcoin’s mining difficulty is set to exceed the 40 trillion mark for the first time this weekend. According to on-chain data, the mining difficulty will increase by an estimated 10% from 39.16 trillion to 43.2 trillion.
Bitcoin Mining Difficulty Set For Record Levels
The mining difficulty expresses the number of iterations miners must execute to obtain the hash of a Bitcoin block. Therefore the higher the number, the more difficult it is to solve a block leading to lower mining profitability.