Bitcoin mining difficulty hits new high amid challenges and increasing costs. Miners adopt various strategies for sustainability.
Bitcoin mining difficulty has reached a new record of 109.78 trillion, showing a 1.16% increase, indicating a 52% rise in the past three months. Meanwhile, Bitcoin’s hash rate has surpassed 800 quintillion per second. Despite the network’s strength, miners face challenges. CoinShares report shows recent hash rate surge created temporary relief but cost pressures will persist. Competition for resources and energy, rising device prices, and operational costs are among the challenges. As a result, miners are adopting diverse strategies like holding Bitcoin or engaging in AI projects. Companies like Tesla and Cipher are well-positioned with investments in clean energy. However, bankruptcy risk looms for some miners if Bitcoin prices decline.
