BITCOIN MINING IS GETTING HARDER
Bitcoin mining difficulty has increased by over 10% since early July, reaching an all-time high of 92.6 terahashes, which could strain miners’ profitability due to higher operating costs.
The increased mining difficulty could put miners under financial pressure, potentially leading to more bitcoin being sold to cover costs. However, some say there is no direct correlation between mining difficulty and the price of bitcoin.
According to Coinwarz, the next bitcoin difficulty adjustment is expected to occur on September 27, lowering the bitcoin mining difficulty to 77.12 T.
