Bitcoin Mining Difficulty Shatters Records: Hits 127.6 Trillion as Miners Double Down
Bitcoin's backbone just got stronger—and more brutal. The network's mining difficulty has rocketed to an eye-watering 127.6 trillion, forcing miners to either upgrade or bow out.
Why this hurts (and helps): Higher difficulty means more computational muscle needed to mine blocks—a Darwinian filter for weaker rigs. Meanwhile, institutional miners keep stacking S19 XPs like poker chips.
The cynical twist: Wall Street analysts who called Bitcoin 'too volatile' last year are now quietly allocating 3% portfolios to mining stocks—because nothing screams conviction like hedging your hedge.
One thing's clear: The Bitcoin network won't apologize for its survival-of-the-fittest economics. Either mine harder, or watch your margins evaporate faster than a shitcoin's liquidity.
Bitcoin Mining Gets Harder by Time
According to Bitcoin analyst PlanB on X, Bitcoin’s current stock-to-flow ratio is around 120, while gold’s is about 60. This means Bitcoin is harder to produce and there’s not much left to mine. Around 94% of the 21 million supply is already in circulation.
When profits in Bitcoin mining fall, miners usually pause spending or shut down their machines. Others might also view the higher difficulty as a sign that the network is getting stronger, suggesting steady demand and more people working to secure the network.
Bitcoin Price Weakens as South Korean Premium Returns
The Bitcoin price dropped over the weekend, falling to $112,000 before rising slightly to around $114,000. In South Korea, Bitcoin was trading at $113,987, showing a premium of 0.84% compared to the global average.
This “Kimchi premium” refers to Bitcoin trading at a higher price in South Korea than in other countries, and it often points to stronger local demand.
While both, miners and market watchers, are keeping an eye on how the upcoming network adjusts, it will decide whether this expected drop happens or not.
Also Read: Bitcoin Rebounds NEAR $115K as Traders Buy the Dip
