Mining Gets Tougher: Bitcoin Difficulty Reaches 110.45T Amid Revenue Challenges
Bitcoin’s mining difficulty increased by 0.61%, reaching 110.45 trillion, while the network’s hashrate declined to 778 EH/s from a peak of 824 EH/s in early January 2025.
Despite this, Foundry USA leads with 34.73% of the total hashrate. Miners are facing lower revenues, with earnings dropping nearly 20% from mid-December, falling to $52.22 per petahash per day.
These changes highlight the shifting dynamics in Bitcoin mining, as participants navigate increasing complexity and decreasing profitability. How miners adapt to these challenges will be crucial for the network’s ongoing stability.
Clever Robot News Desk 14th January 2025
