Bitcoin Miners Are Churning Out More Computing Power Than Ever

Bitcoin miners are producing more computing power than ever with powerful specialized computers.

Mining difficulty, a measure of computing power to earn Bitcoin, reached an all-time high on Wednesday, according to data from btc.com. The bi-weekly update posted a 3.4% increase after another 3.22% jump during the last period. It has been on the rise with only two slight declines this year.

While the value of Bitcoin is still worth less than half of that during the last bull run in 2021, a steady rebound in the digital asset this year has prompted the miners to resume or expand their ...