Bitcoin mining difficulty increased by 11%

On January 9, Bitcoin mining difficulty increased by 11% and now stands at more than 20 trillion.

ThroughoutApparently, the difficulty setting has not yet had a negative impact on miners. 

BTC hashrate continues to rise with growthprices – this week it reached a new all-time record of 149.652 EH/s, and the growing difficulty of mining will continue to push the hashrate upward. 

However, more complex mining has another negative consequence – growth in BTC sales. 

The special Miners’ Position Index [MPI] shows the positions of miners and their impact on the price of BTC. 

If the scale shows a mark of 2, it means that miners are selling the bitcoins received as a reward, and negative values ​​indicate that they are holding BTC and are waiting for a better moment to sell.

Currently MPI is at 4,which suggests that miners are very actively selling at this level. According to ByteTree, over the past week miners earned 7,050 BTC and sold 10,840 BTC. 

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Based on materialsambcrypto.com