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Bitcoin Mining Difficulty Is At An All-Time High, Erasing Concerns of Miners Folding Post-Halving
Summary: Bitcoin's mining difficulty increased up to more than 17.3 trillion on Monday, July 13, data from BTC.com shows. The 9.89% bump up has marked a new all-time high. The increase comes two months after Bitcoin's halving and partially invalidates concerns that the reduced rewards from the halving would cause mining operations to fold. Bitcoin's hash rate ...
Bitcoin's mining difficulty increased up to more than 17.3 trillion on Monday, July 13, data from BTC.com shows. The 9.89% bump up has marked a new all-time high.
The increase comes two months after Bitcoin's halving and partially invalidates concerns that the reduced rewards from the halving would cause mining operations to fold.
Bitcoin's hash rate is also reaching a high point, strengthening the argument that the halving has not seriously damaged network power by putting miners out of business.
By Emily Mason
Tags: Bitcoin,Bitcoin Halving,BTC,Miners
Link: Bitcoin Mining Difficulty Is At An All-Time High, Erasing Concerns of Miners Folding Post-Halving [Copy]
