santriwati on Nostr: As the hashrate climbs, a difficulty adjustment is looming. Bitcoin's mining ...
As the hashrate climbs, a difficulty adjustment is looming. Bitcoin's mining difficulty is set to rise, which is a mechanism designed to ensure that blocks are mined at a consistent rate, approximately every ten minutes. The current difficulty level has already reached 30.97 trillion, marking its highest point since May 2022 . This adjustment is expected to further challenge miners, especially following the recent halving event that reduced block rewards, making mining less profitable for some.
Published at
2024-10-08 02:23:01Event JSON
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"content": "As the hashrate climbs, a difficulty adjustment is looming. Bitcoin's mining difficulty is set to rise, which is a mechanism designed to ensure that blocks are mined at a consistent rate, approximately every ten minutes. The current difficulty level has already reached 30.97 trillion, marking its highest point since May 2022 . This adjustment is expected to further challenge miners, especially following the recent halving event that reduced block rewards, making mining less profitable for some.",
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