These are very interesting times for Bitcoin and all other cryptocurrencies on the market. When looking beyond the wild and somewhat entertaining price swings, it seems another statistic is worth paying attention to. The Bitcoin mining difficulty has reached a new all-time high following a major 11.26% increase. An intriguing turn of events which can have several different consequences. Major Bitcoin Mining Difficulty Increase Because…? For those who are unfamiliar with how Bitcoin mining really works, the overall hashrate determines whether or not the mining difficulty will rise or drop every two weeks. With fewer miners and a lower hashrate,
The post 4 Thoughts on the new All-time High Bitcoin Mining Difficulty appeared first on The Merkle Hash.
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