The Bitcoin Halving Hype: What’s in Store for the Next Cycle?

Bitcoin Mining Difficulty at Historic Highs

Bitcoin mining difficulty has reached unprecedented levels, surging more than 100% in 2023. This development underscores the increasing competition among miners to solve complex mathematical puzzles and earn new bitcoins as a reward. The surge in computing power has allowed the network to process transactions more efficiently and securely. However, it has also raised concerns about the sustainability of the current mining ecosystem.