Bitcoin Mining Difficulty Reaches a New All-Time High
- Date: 19-Feb-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Bitcoin Mining Difficulty Reaches a New All-Time High
Who would have believed that in less than a year from China’s crypto mining ban, Bitcoin Hash Rate and mining difficulty would fully recover and reach new all-time highs?
Bitcoin mining difficulty is a measure of how difficult it is to mine a block in the network. It automatically adjusts approximately every two weeks.
While more miners join the Bitcoin network, the Bitcoin mining difficulty increases, and when miners leave the network, the Bitcoin mining difficulty decreases.