Coinspeaker
Bitcoin Mining Difficulty Soars to New ATH amid BTC Price Dip
Miners may be paying no attention to the recent BTC price slump as on-chain data suggests that mining difficulty has hit new all-time highs. In the past week, BTC/USD has dipped by at least 11%, however, bitcoin miners have somehow retained their confidence in the asset class.
Bitcoin mining difficulty, which has been on a downward slope for a while now, has suddenly picked up. In its latest biweekly automated readjustment on August 22, network activity shows the difficulty to have surged over 6%. And, interestingly, that amount of surge was enough to take difficulty to new record highs.
According to monitoring platform BTC.com, Bitcoin mining difficulty has now seen its sixth-largest rise of 2023.
Bitcoin Mining Difficulty Suggests Profitability
For what it’s worth, mining difficulty refers to the amount of competition encountered during mining activities. And, ultimately, it also reflects how profitable the
We współpracy z: https://www.coinspeaker.com/bitcoin-mining-difficulty-ath-btc/
