NewsBTC
2022-09-05 18:44:05

Bitcoin Mining Difficulty Witnesses Biggest Increase Since January

For the world’s leading cryptocurrency, Bitcoin, 2022 has been filled with many crests and troughs. Bitcoin has passed through different dilemmas that created a twist for performance and sentiment in the industry. The chronic crypto winter of the year halved the value of most crypto assets, of which BTC got a severe blow. Though the beginning of the year’s second half brought a little bullish trend, the bears were still quick to take over. But that’s not all it is on the world’s largest cryptocurrency by market cap. More discoveries for trends in BTC indicators and parameters are still unfolding. Related Reading: Ethereum (ETH) Struggles Ahead Of the Merge, Can Price Retest $1,900? Mining Difficulty Increases The latest Bitcoin mining difficulty adjustment increased by 9.26%. This current value is the most significant increase for the network since January 2022. Data from BTC.com revealed that on Wednesday, BTC mining difficulty reclaimed its lost value to hit 30.98 trillion. This was against the value of 28.35 trillion as of August 28. The report from BTC.com gave some estimates for the possible future difficulty adjustment for Bitcoin. From the forecast, BTC would witness a fourth in almost 13 more days. This subsequent adjustment is expected to be a more modest increase reaching 31.16 trillion. If the estimated difficulty occurs, it will spar with the 31.25 trillion of May 10, BTC’s most signif...

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.