Seeking Alpha
2022-04-09 15:15:00

Crypto miners' metrics improve in March as Bitcoin network difficulty remains high

Cryptocurrency miners' performance metrics improved in March as the number of Bitcoins (BTC-USD) mined grew 18.3% on average and the hash rate rose by 6.5% in a backdrop of record high network difficulty, according to the table below. Keep in mind that the Bitcoin (BTC-USD) network's high difficulty implies that it will take more computing power to mine the same number of blocks, making the network more secure against potential attacks. When the difficulty algorithm is high, it typically means that there's an influx of miners. Unsurprisingly, the total hash rate, or the amount of computer power being used by the network to process transactions, is also trending near all-time highs, indicating that the Proof-of-Work-based BTC network is becoming more secure and immune to attacks as more miners verify transactions. Looking at the crypto miners individually, Marathon Digital's (NASDAQ:MARA) bitcoin production and hash rate both increased over the

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