The Bitcoin (BTC) network has adjusted its difficulty level, hitting a new All-Time High (ATH) as industry giants prepare for the halving event slated for 26 days.
Bitcoin Mining Difficulty: Data Insight
According to data from Blockchain.com explorer, the Bitcoin mining difficulty as of March 21 when the last readjustment was computer comes in at 83,947,913,181,362. Since the inception of the digital currency, the hashrate has always been in an upward movement save mid-2021 and April 2022 when the Chinese government proscribed Bitcoin mining activities.
Bitcoin Difficulty Chart. Source: Blockchain.com/explorer
The growth of the Bitcoin mining difficulty metric comes with more miners plugging into the network, underscoring the growing interest to pick a share of the unmined BTC left from the total supply.
The interest of miners in this coming halving is sparking a lot of preparation overall. With the emergence of spot Bitcoin Exchange Traded Fund (ETF) products, the slash in miner’s
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