"Bitcoin Halving Sparks Record Mining Difficulty and Investor Interest"

1 min read
Source: The Block
"Bitcoin Halving Sparks Record Mining Difficulty and Investor Interest"
Photo: The Block
TL;DR Summary

Bitcoin mining difficulty reached a new all-time high of 86.4 trillion in the final adjustment before the upcoming halving event, causing miners to increase their hash rate. The halving, set to occur on April 20, will reduce block subsidy rewards from 6.25 BTC to 3.125 BTC. The total network hash rate has also hit an all-time high, and Bitcoin's price is currently at $70,647, up 67% year-to-date. The halving events will continue until the last bitcoin is expected to be mined around the year 2140, after which miners will only earn from transaction fees.

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