Bitcoin mining jumps 3.27% after substantial dip
Bitcoin mining difficulty in October had its highest spike since last summer, when China cracked down on the industry and forced mining firms to flee to other countries. Meanwhile, its lowest ebb since then was just a few days ago.
A probable explanation is the switching on and off of machines depending on spot energy prices and profitability, with more efficient models also being deployed. But it also might be a case of luck, said Daniel Frumkin, director of research at Braiins. The difficulty adjustments are based on what is the average block time for that epoch.
Source
https://t.me/Crypto_Bitcoin_Blockchain
