Bitcoin mining difficulty on Thursday has hit a record high of 28.59 T, rising 4.13% on the entire Bitcoin network. As per data from BTC.com, the difficulty in mining bitcoin has increased after facing two consecutive declines in bitcoin mining. It shows Bitcoin mining reaching a key inflection point as the adoption of Bitcoin rises. Currently, the BTC price is trading near the $47,000 level after hitting a high of $48,086 on March 29.
Bitcoin Mining Difficulty Rises on the Bitcoin Network
Crypto reporter Colin Wu announced in a tweet on March 31 regarding the increase in bitcoin mining difficulty on the Bitcoin blockchain, the tweet reads:
“According to BTC.com data, after experiencing two consecutive declines, the difficulty of the entire Bitcoin network increased by 4.13% to 28.59T on March 31, continuing to hit a record high.”
According to BTC.com data, the Bitcoin mining difficulty has hit a record high, which will decrease Bitcoin mining rewards for miners. The previous all-t
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