quick shot
The Bitcoin mining difficulty level has recently seen an upward adjustment of over 7%. This notable change marks the 11th such increase seen this year, clearly highlighting a pattern of increasing difficulty.
Interestingly, the latest adjustment trended in the opposite direction, making the current increase the second largest adjustment seen this year. These fluctuations are critical to understanding the terrain of Bitcoin mining, as they directly correlate to the effort required to generate new blocks.
With both the hash rate and the difficulty increasing persistently, it signals an uptick in mining activity and competition. This progression further cements the resilient and decentralized network of Bitcoin. However, it also implies that individual miners could face greater challenges in their operations.
Difficulty: (Source: Glassnode)
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