The difficulty in mining Bitcoin has surged to a new record level, hence squeezing profit margins. Reaching 92.67 trillion, the difficulty index exceeded the previous record peak of 90.67 trillion set in July this year.
This 3.6% rise represents the increased competitiveness resulting from record-breaking hashrate values. It emphasizes how resilient and secure the network is becoming since mining Bitcoin calls for more computational capability.
Miners Liquidating Their Bitcoin Holdings
Interestingly, since September 8, miners have sold almost 30,000 Bitcoin, worth around $1.71 billion. This significant sell-off points to possible problems with liquidity or worries about future price movements among miners.
The added difficulty comes at a trying time for miners, still adapting to the repercussions of April’s “halving,” a programmed decrease in mining rewards that has already halved possible profits since then, helping to explain a rough 10% decline in the price of Bit
We współpracy z: https://bitcoinist.com/bitcoin-miners-face-toughest-conditions-yet/
