Bitcoin mining complexity surges as miners’ reserves slip 4.74% YoY

Bitcoin’s mining ecosystem has reached unprecedented levels in terms of difficulty as hashrate reached new highs along with the price.

On Dec. 16, mining difficulty surged by 4.43% to an all-time high of 108.52 trillion at block height 874,944. This marks the sixth consecutive upward increase in mining difficulty and the 26th adjustment this year.