Bitcoin mining difficulty soars to new ATH, here’s why

The latest Bitcoin mining difficulty adjustment occurred at the 790,272 block height and resulted in a 3.22% increase in mining difficulty.

difficulty adjustment occurred at the 790,272 block height and resulted in a 3.22% increase in mining difficulty. This is important because such changes are bound to trigger an impact not only on mining profitability but also on the network’s hash rate.

Bitcoin ushered in a mining difficulty adjustment at block height 790,272, and the mining difficulty increased by 3.22% to 49.55 T, breaking through a record high. The current average hasjrate is 354.55 EH/s. The recent popularity of Ordinals BRC20 has led to more mining…Higher difficulty means miners require the more computational capacity to remain profitable.

It may have a negative impact on profit levels. However, that may not necessarily be the case since miner revenue has been on the rise for the last three days. This has more to do with the fact that the market’s overall hash rate has not been affected, or has countered the higher difficulty.A quick glance at Bitcoin’s hash rate confirms that it registered a rise in the last three days. We did, however, observe that there were fluctuations in the last few days and the same trend is expected to continue. T.

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