Bitcoin Mining Computing Ratio Reaches All-Time High
With their highly specialized computers, bitcoin miners generate more computational power than before.
A measure of the processing power required to acquire bitcoin, known as mining difficulty, according to data from btc.com, reached an all-time high this week.
Lower energy costs and price rebound drive growth in power computing.
The value of miner shares has increased by two times as a result of the increase in bitcoin mining power, but as the network processes more data, fewer tokens are produced, reducing the amount of bitcoin that each miner may earn.
By investing in new equipment or installing more effective cooling systems for the machinery, miners are attempting to boost the productivity of their mining operations.