Bitcoin

Bitcoin mining just got tougher. New data released by <a href="https://ultramining.com/en/ratings/btccom/">BTC.com</a> reveals a 6.47% increase in Bitcoin mining difficulty. The change occurred at block height 812,448, pushing the difficulty to a record-breaking 61.03 T, according to <a href="https://foresightnews.pro/news/detail/31056">foresightnews</a>. 
Since mid-October 2022, the difficulty has surged by an astounding 71.4%. This uptick is more than just a number; it's a sign of the growing interest and investment in the Bitcoin network.&nbsp; 
However, the rise in difficulty comes with its own set of challenges. For miners, higher difficulty means lower profit margins unless <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/">Bitcoin's price</a> sees a corresponding increase. In fact, smaller mining operations may find it increasingly hard to stay afloat, potentially leading to further centralization of mining power among larger players.

Bitcoin Mining Difficulty Skyrockets to New All-Time High Amidst Bullish Trends

Ultramining_Eng

Other articles published on Oct 16, 2023

KuCoin Launches Pre-Market Trading, First in the Industry OTC Product

MetaMask Temporarily Removed from Apple’s App Store

Upbit receives license from Singapore’s financial regulator

Statter Network (STT) Price Prediction 2024, 2025, 2030, 2040, and 2050

Analyst suggests false Bitcoin ETF news was market manipulation

What Occurs If the SEC Chooses Not to Contest the Grayscale Bitcoin ETF Decision?

Join our free newsletter for daily crypto updates!