TABI: Record Hash Spike - Miner Reckoning (Patreon)

Bitcoin mining difficulty reaches unprecedented levels with a record-setting 7.3% increase, making it the most challenging period to mine Bitcoin ever. The question on everyone's mind is whether the Bitcoin price will mirror the surging hash rate. 

Miners have reaped significant profits since November, thanks to the substantial price increases pre and post the launch of Bitcoin ETFs, coupled with a spike in demand for transaction processing that has sent transaction fees soaring. However, as the mining landscape toughens with an impending difficulty adjustment in just over a week, we may see the less efficient miners, who have been coasting on these profitable conditions for several months, begin to drop off the network.