Bitcoin mining difficulty soars

Bitcoin mining difficulty soars

Bitcoin’s mining difficulty index has increased by more than 10%.

According to BTC.com data, bitcoin mining difficulty has now increased by more than 10%. Bitcoin mining difficulty is automatically adjusted every 2016 block, which happens about every 2 weeks.

Bitcoin miners are entering a time of heightened difficulty. Previously, BTC.com, Bitrawr, Luxor and Braiins correctly predicted the possibility that bitcoin mining difficulty could increase.

bitcoin hashrate

“The increase could be around 10% by the end of this week. Estimates are showing a strong increase in mining difficulty is possible.”

In early January, mining difficulty dropped 3.6% after a snowstorm swept across the United States causing many cryptocurrency miners to shut down.

Now, a lot hashrate the US centralization seems to have returned, with newly deployed and more efficient miners.

“It’s a combination of more scalable institutional miners,” said Daniel Frumkin, research director at Braiins. Companies like Marathon and Hive Blockchain have consistently deployed high-powered miners like the S19 XP and BuzzMiners.”

According to the most recent batch of active updates from December, Hive installed 1,423 machines powered by Intel Blockscale, while Marathon says 12,000 S19 XP will be made available next month.

Synthetic Kyptos

Stay in the Loop

Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

- Advertisement - spot_img