Difficulty of mining bitcoins has increased

Mining bitcoins is becoming increasingly difficult and powerful, which can affect the profitability of miners. The mining difficulty increased by 4.82% recently, and now stands at 19.3 trillion.

The difficulty of mining bitcoins depends on the overall network power. When miners add new machines to the network, the overall power increases, which increases the difficulty of mining. On the other hand, if miners remove machines from the network, the overall power decreases, which decreases the difficulty of mining.

The mining difficulty has increased due to the increase in the number of miners and their power. Additionally, the increase in the bitcoin price has led to an increase in interest in mining.

For miners who use outdated equipment or have limited capabilities, the increase in mining difficulty can be problematic. They may need to exert extra effort to earn the same amount as before.

However, increasing the mining difficulty can be beneficial for the bitcoin network, as it increases the security of the network and prevents attacks on it.

Given that mining difficulty continues to increase, miners should carefully calculate their expenses and potential profits to be profitable in this business.