Bitcoin mining difficulty falls slightly from recent all-time high

BTC miners continue to face economic headwinds and challenges, including gradually rising computational requirements to mine blocks.

Bitcoin’s (BTC) mining difficulty fell slightly on Saturday after hitting an all-time high of 126.9 trillion on May 31 at the start of the previous difficulty adjustment period.

The Bitcoin mining difficulty level currently stands at roughly 126.4 trillion, according to data from CryptoQuant.

Higher mining difficulty and network hashrate, which is a separate but related measure of the total computing power securing the Bitcoin protocol, both translate into increased miner competition and higher production costs.

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