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    WebsCrypto—News—Bitcoin News—Bitcoin Mining Difficulty Hits Record 8-Month Rise Despite Bitcoin Price Drop
    Bitcoin News

    Bitcoin Mining Difficulty Hits Record 8-Month Rise Despite Bitcoin Price Drop

    By WebsCryptoAugust 28, 2022
    Bitcoin Mining Difficulty Hits Record 8-Month Rise Despite Bitcoin Price Drop
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    While the price of BTC continues to fall, Bitcoin’s mining difficulty and hash rate have both returned to highs, and the latest on-chain data shows that instead of falling, hash rate and difficulty have risen rapidly.

    The difficulty is expected to increase by 6.8% next week. According to the monitoring data of BTC.com on the chain, this will be the highest upward difficulty adjustment since January this year.

    “We may see a new (or near-new) ATH that is difficult enough to build in a few days,” predicted mining consultancy Blocks bridge in its latest Miner Weekly, published on Aug. 27.

    DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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