March 28, 2024

Bitcoin mining difficulty reaches new high

Bitcoin mining difficulty reaches new high

Just two months after the halving and subsequent difficulties, the difficulty level of bitcoin mining has reached an all-time high of 17.345 trillion.

According to the BTC.com pool, as a result of the latest adjustment, the figure increased by 9.89%, setting a new record.At the same time, the hashrate of the network at the time of publication isapproximately 124.29 EH/s. The rapid recovery in activity indicators has actually made unfounded the fears of some experts about the gradual decline of mining and the departure of miners due to losses. 

Bitcoin mining difficulty reaches new high

Noticeable positive changesstarted in June when, after the next recountdifficulties, it jumped by 14.95%, almost completely leveling the previous fall. Since the growth of this indicator directly affects the security of the cryptocurrency network, the positive dynamics is positive news for investors.

However, a significant increase in complexity also affects the profitability of production, which is why some miners can again start selling more MTC than usual, putting pressure on the market.

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