Express

Bitcoin Miners Absorb Third Largest Difficulty Increase, Hash Rate Recovers Previous Highs

Emily Mason

Summary: Bitcoin's hash rate has recovered previous highs pushing above 150 hashes per second despite the recent 11.35% in mining difficulty, data from CoinMetrics shows. Last week Bitcoin difficulty underwent its third largest increase in the last two years, an event which could have caused smaller miners to close up shop. If that had happened Bitcoin's ...

Bitcoin's hash rate has recovered previous highs pushing above 150 hashes per second despite the recent 11.35% in mining difficulty, data from CoinMetrics shows.

Last week Bitcoin difficulty underwent its third largest increase in the last two years, an event which could have caused smaller miners to close up shop. If that had happened Bitcoin's hash rate would have slowed, but miners seemed to have absorbed the difficulty increase with little trouble. 

By Emily Mason

Last Update:

Tags: ,,,,
Link: Bitcoin Miners Absorb Third Largest Difficulty Increase, Hash Rate Recovers Previous Highs   [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.