Bitcoin's mining difficulty, the measure of how hard and time-consuming it is to find a suitable hash for each block on the blockchain, has increased by 2.23% at block height 784,224, marking the fourth consecutive increase. The latest adjustment pushes the difficulty metric to a record high of 47.89 trillion, making it harder than ever to mine a Bitcoin block. Despite this, miner revenue has also increased, with miners making just under $732 million in March from block subsidies and transaction fees combined. The increased revenue correlates with the price of Bitcoin, which has risen by 69% since January 1 and nearly 26% over the past month, more than enough to counteract the increased mining costs.

(By Adam James)