HIVE Produces 4% Less BTC in February as Mining Difficulty Surpasses 40 Trillion

HIVE Blockchain Technologies (HIVE), a
publicly-listed crypto mining firm, has released its Bitcoin (BTC) production
figures for February 2023, reporting a 4% drop in the number of the foremost
digital currency mined. The firm produced 250 BTC last month compared to 260 BTC mined in January.
However, the February production is 17% higher than the 214 BTC produced in
December 2022.

The decrease in HIVE’s BTC production
comes as mining difficulty
Mining Difficulty

Mining difficulty is measure of how difficult it is to find a hash below a given target. For example, the Bitcoin network, or another Proof-of-Work (PoW) crypto network, has a global block difficulty. Valid blocks must have a hash below a specific target. Mining pools also have a pool-specific share difficulty setting a lower limit for shares.Looking at the Bitcoin network specifically, mining difficulty is designed to adjust every 2016 blocks, or approximately every two weeks. This adjustment i

Mining difficulty is measure of how difficult it is to find a hash below a given target. For example, the Bitcoin network, or another Proof-of-Work (PoW) crypto network, has a global block difficulty. Valid blocks must have a hash below a specific target. Mining pools also have a pool-specific share difficulty setting a lower limit for shares.Looking at the Bitcoin network specifically, mining difficulty is designed to adjust every 2016 blocks, or approximately every two weeks. This adjustment i
Read this Term continues to bite harder, jumping from a 39.4
trillion record at the beginning of February 2023 to an all-time high of
43.1 trillion on February 28th. In other words, miming difficulty increased by 9%
during the month.