The Bitcoin network mining difficulty has reached an all-time high of 134.7 trillion, continuing its long-term upward trend. This increase occurred despite earlier projections suggesting a decrease. As the mining difficulty climbs, Bitcoin’s hashrate has dropped to 967 billion hashes per second, down from recent peaks above 1 trillion hashes per second. This elevated difficulty level creates more competitive conditions for mining firms, particularly affecting their profit margins. Larger companies and mining pools are becoming more dominant as mining costs rise due to the need for increased computing resources. Nevertheless, some small and solo miners have been able to succeed against the odds, successfully mining blocks and claiming substantial rewards in recent months. Notably, three solo miners managed to add blocks to the BTC ledger and claim rewards amounting to significant sums, demonstrating that opportunities still exist for smaller participants in the market.

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