Rising Hash Rate Boosts Bitcoin Mining Difficulty
As the crypto market grapples with larger macroeconomic trends, the last week continued the up-and-down movement. However, one of the key developments the crypto world noticed was a jump in the Bitcoin mining difficulty.
Bitcoin’s mining difficulty has increased by 9% over the past week and currently stands at 30.97 trillion. An increase in mining difficulty means that miners must put in more computing power in order to mine a block. It also points to the participation of more miners, as the mining process becomes more computationally demanding as more come on board. Bitcoin’s mining difficulty is automatically adjusted roughly every two weeks in order to keep the total block time.
Source
t.me/Mining_Crypto_Miner
