Mining New Bitcoin Is More Difficult Than Ever. Here’s How it Could...

Mining New Bitcoin Is More Difficult Than Ever. Here’s How it Could Impact BTC Prices

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Source: Coindesk.com

The difficulty of mining bitcoin has reached an all-time high of 92.6 terahashes, increasing by over 10% since early July, which could strain miners' profitability due to higher operational costs. Increased mining difficulty might pressure miners financially, potentially leading to more bitcoin being sold to cover costs. However, some say there's no direct correlation between mining difficulty

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The post "Mining New Bitcoin Is More Difficult Than Ever. Here's How it Could Impact BTC Prices" appeared first here Coindesk.com.

Source: Coindesk.com

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