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Harder than ever: This is how difficult it is to mine Bitcoin now
Bitcoin (BTC) miners are constantly generating Proof of Work (PoW) in a highly competitive business to discover the next valid block. Recently, Bitcoin mining difficulty was adjusted to its all-time highs, which hardened the competition and business profitability. In this discovery, the miner gets the right to collect the block subsidy of freshly created 6.25 BTC, add Bitcoin transactions to this block, and broadcast it to other nodes, confirming these transactions — including the one from the block subsidy. Interestingly, the more work (or hashrate) a Bitcoin miner has on the network, the higher their chances of ... (full story)