BTC mining difficulty has gone up to new highs after a comparatively slower period of few months.
Data reveals that the Bitcoin network's mining difficulty indicator reached 23.14 Trillion on April 1, 2:00 UTC. This is 5.82 higher than the previous record set on March 20.In terms of the increased percentage, this is the biggest adaptation. The change shows that the number of BTC mining hardware in the process has seen a significant increase. The average hash rate reached 165 exahashes second (EH/s) compared to 156 EH/s registered on March 20.
Trending: Dubai World Trade Center To Become a Crypto Hub and Regulator
A number of companies show interest to be involved in Bitcoin mining. Among them is SBI Holdings, which enabled its BTC mining pool for the masses in March.
Along with this, companies come up with new solutions to make mining available for larger masses and reduce its damage to the environment. Currently, the leading cryptocurrency trades at above $59.800 with a market cap of around $1.1 trillion.