Posted 4/11/2024, 5:14:09 PM
Bitcoin Mining Difficulty Hits Record Highs Days Before Halving Event That Will Impact Miner Rewards
- Bitcoin mining difficulty reaches all-time high a week before the halving event
- Difficulty refers to the complexity of the mathematical problems miners must solve
- Higher difficulty means more computing power is needed for mining to keep the network secure
- The upcoming halving will cut miner rewards in half, leading to greater Bitcoin scarcity
- This halving is expected to drive up Bitcoin prices and network security as mining becomes more competitive
