Bitcoin Mining Difficulty Adjustment has Increased 13.5% to new ATH
The beauty – and power – of the Bitcoin Network is shown by the recent 13.5% increase in the difficulty adjustment which is a new all-time-high
Not a minor adjustment: Bitcoin mining difficulty soars 13.5% to new ATH
“For Mark Morton, CEO of Scilling Digital Mining, a Bitcoin mining company based in Ireland, ‘The Next difficulty adjustment suggests that miners are still finding sufficient profit margins to turn on new machines and are likely capitalizing on plummeting machine prices.’
Morton also mentioned that soaring difficulty and hash rate are ‘very positive for the security of the Bitcoin network. We are witnessing network security skyrocket even despite the drawdown in Bitcoin price.’”
