Implications of Bitcoin’s Surging Mining Difficulty
Meanwhile, Bitcoin appears set to enter a bull run cycle for the rest of 2024 and beyond. This is evidenced in Bitcoin’s ability to hit new highs in mining difficulty. Simply put, mining difficulty measures the difficulty of solving the complex cryptographic puzzles used in the mining process.
This recent surge suggests miners will need to work harder to mine Bitcoin. Consequently, only the strongest and most efficient operators in the industry will get involved in securing the network.