Last week, the bitcoin hashrate touched a new all-time high after tremendous growth. While this was a welcome development, it had significant implications for the next mining difficulty adjustment which took place on Monday. As expected, the difficulty adjustment had jumped by double-digits, beating even the highest of forecasts. Difficulty Adjusts By 13.5% Over the…
Bitcoin’s mining math hit a fresh high this week as the network’s difficulty climbed to a new all-time peak of 135 trillion. Miners now need more computing work than ever to win a block, while the overall hashpower available to the network has slipped from its summer peak. Related Reading Mining Difficulty Reaches New High…
The Bitcoin blockchain saw its mining dificulty adjust downwards on June 5. It has now become easier to mine BTC. Historical data shows that price and mining difficulty has elements of positive correlation.That being so, a drop in mining difficulty could signal an incoming drop in price. And given Tuesday’s brutal rejection at $10.4k, which…