Bitcoin miners affected as network difficulty reaches...
difficulty level since the beginning of the year. In January, the network difficulty stood at approximately 34 trillion, but it had surpassed 53.2 trillion at press time.Furthermore, there had been an increase in the total hashrate, which stood at nearly 340 million at the time of writing. This metric suggested that miners faced higher costs in mining BTC, but it raised the question of whether their revenue reflected the same trend.
However, if there is a substantial increase in the price of BTC, it could potentially halt this sell-off as the revenue from mining becomes more valuable.
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