Recent on-chain data reveals that Bitcoin (CRYPTO:BTC) miners now need more than 1 EH/s of computing power daily to mine a single BTC, marking a historic milestone.
This surge in required power, measured by the Hashcoin indicator, signifies a significant increase in mining difficulty.
Despite the recent Hashrate nearing all-time highs, the block time on the Bitcoin network remains constant, ensuring stable growth and predictable inflation.
The spike in Hashcoin follows Bitcoin's fourth Halving event on April 19th, where block rewards were halved, leading to a higher Hashcoin and increased mining difficulty.
With miners now needing 1.13 EH/s to mine a single BTC daily, the landscape of Bitcoin mining has evolved.