Bitcoin Mining Difficulty Sees 7% Rise in 11th Such Rise This Year

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The bitcoin mining difficulty level recently underwent an upward adjustment exceeding 7%. This notable change represents the 11th such increase seen this year, clearly highlighting a pattern of increasing difficulty.

Interestingly, the latest adjustment had the opposite trend, making the current increase the second largest adjustment seen this year. These fluctuations are key to understanding the terrain of Bitcoin mining, as they directly correlate to the effort required to generate new blocks.

With both hash rate and difficulty constantly skyrocketing, an increase in mining activity and competition is reported. This progression further cements Bitcoin’s resilient and decentralized network. However, it also implies that individual miners might face increased challenges in their operations.

Difficulty: (Source: Glassnode)
Difficulty: (Source: Glassnode)

The post office Bitcoin Mining Difficulty Sees 7% Rise in 11th Such Rise This Year appeared first on CryptoSlate.

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