The weather in the United States has caused difficulty in Bitcoin (BTC) mining to slip to 108.11 trillion at block 881,845.
This is the first time this metric has reached this high in five months. Bitcoin mining firm Luxor explained the situation.
According to the firm, the cold weather led to higher demand for natural gas and decreased efficiency from renewable energy sources
Winter Effect on Bitcoin Mining Activities
Bitcoin mining difficulty is generally finding the right hash for the next block.
Usually, the number of miners within the network determines whether this metric will increase or decrease.
These miners must expend energy to achieve Bitcoin mining, which amounts to a significant percentage of the funds spent during the process.
Unfortunately for miners, last month’s cold weather in the US increased energy prices.
Several mining firms struggled to stay profitable as a result of this condition. Ordinarily, Bitcoin mining difficulty adjusts every fortnight ba
We współpracy z: https://www.thecoinrepublic.com/2025/02/02/why-bitcoin-mining-difficulty-slipped-first-time-in-5-months/
