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Bitcoin mining tightens: difficulty hits 110.45 trillion amid revenue slump

The mining difficulty for Bitcoin has risen by 0.61% to reach 110.45 trillion. This indicates that mining Bitcoin has become marginally more challenging since the last adjustment. Meanwhile, the network’s hashrate has seen a decline from a peak of 824 EH/s to its current level of 778 EH/s.

The revenue from Bitcoin mining has dropped by 19.79% compared to the previous month. As of today, the earnings per petahash per second have decreased significantly from 65.10 USD to 52.22 USD, reflecting a tough period for miners amid changing economic signals for the Bitcoin ecosystem.

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