Bitcoin just hit record high in mining difficulty, with the largest increase in history
. In percentage terms, this rise is the 24th largest since 2016, the 73rd since 2012 and the 119th largest of all time. However, in absolute terms, says Thorn, this marks the largest difficulty increase ever recorded.The latest difficulty adjustment shows that competition among miners is on the rise as the Bitcoin network expands and becomes more complex after this year's halving.
Higher mining difficulty usually means a tougher environment for miners, which can affect Bitcoin's overall network security and the efficiency of mining operations. This could lead to higher operational costs for miners, which might influence the future dynamics of Bitcoin's price.stands at $62,800. In the past 24 hours, the trading volume reached $44.90 billion. Quotes of the main cryptocurrency have experienced a decline of 3.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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