🚀 Bitcoin's Block Party Just Got Tougher! 🚀

- On Aug. 1, Bitcoin's network difficulty skyrocketed by 10.5%, making it harder (and pricier) to mine new blocks.

- This comes after a 3-month breather where mining was a bit easier, reducing the computational power needed.

- Higher difficulty = stronger security against attacks, but also means more power (and money) for miners.

- Despite the challenge, some miners like Bitfarms saw higher earnings in July due to lower hashrate and tech upgrades.

- Bitcoin's hashrate has held steady at 630 EH/s for 6 months, a key security metric.

- Miners are holding onto their BTC, betting on future price hikes. Marathon, for instance, holds 18,536 BTC worth over $1B! 💰

Stay tuned for more crypto adventures!