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Mining Difficulty

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#1
With that, as more miners compete to complete blocks, mining difficulty increases. And to stay profitable, only those with access to cheap electricity and the most efficient mining equipment can afford to stay in the game.

“BITCOIN IS DESIGNED TO EVALUATE AND ADJUST THE DIFFICULTY OF MINING EVERY 2,016 BLOCKS, OR ROUGHLY EVERY TWO WEEKS.”

At this moment, mining Bitcoin is as difficult as it’s ever been, at 14.78T. In fact, since the start of 2020, mining difficulty on the Bitcoin network jumped 13%.
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