Bitcoin mining difficulty paints new ATH amid centralization fears
NegativeCryptocurrency

Bitcoin mining is facing a significant challenge as the network difficulty reaches an all-time high, raising concerns about centralization. This increase in difficulty, coupled with soaring energy costs, is driving smaller miners out of the market, including some publicly traded companies. This situation matters because it could lead to a concentration of mining power in the hands of a few large players, undermining the decentralized nature of Bitcoin and potentially impacting its value and accessibility.
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