Express

Bitcoin Mining Difficulty Is At An All-Time High, Erasing Concerns of Miners Folding Post-Halving

Emily Mason

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

Last Update:

Tags: ,,,
Link: Bitcoin Mining Difficulty Is At An All-Time High, Erasing Concerns of Miners Folding Post-Halving   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 4 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 10 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 13 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 14 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 17 days ago

    • You need to login to comment.