Bitcoin Mining Difficulty Skyrockets 13% After Highest Increase Since May 2021
This is the highest increase in the BTC mining difficulty since May of last year.
This is the highest increase in the BTC mining difficulty since May of last year.
The fall comes amid a drop in Bitcoin price which has hampered the profitability of the mining process.
The latest jump in Bitcoin difficulty is the second in two weeks.
The hash rate has increased by more than 50% since the mid-July slump.
After several consecutive negative mining difficulty adjustments, bitcoin's network has changed the tides.
Miners have endured debt and high operational costs as a result of the falling market. But could this change?
The metric has charted its longest-negative streak in about a year, but it could actually be expected.
Bitcoin mining difficulty was readjusted to a lifetime high of 29.79 trillion while its hash rate also notched an ATH.Â
The mining difficulty of the world's largest cryptocurrency, Bitcoin (BTC) has never been higher.
Bitcoin's mining difficulty went through another positive readjustment leading to a new ATH, similarly to the hash rate. BTC's price,