🚀 Bitcoin Mining Just Got Tougher! 🚀

Hold onto your hats, crypto enthusiasts! The Bitcoin blockchain just cranked up the difficulty dial by a whopping 10.5% on Aug. 1. This means miners now need even more computational muscle to mint new blocks. đŸ’Ș

For nearly three months, from May 9 to July 30, Bitcoin's network difficulty took a breather, making it easier to confirm transactions. But now, it's back with a vengeance, hitting an all-time high of 90.66 trillion!

Despite the increased difficulty, miners like Bitfarms saw higher earnings in July, thanks to lower hashrates and infrastructure upgrades. But with the new difficulty spike, profits might take a hit.

Curious about Bitcoin mining? Check out our guide and join the convo in the comments! 💬

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