Marty's Ƀent
A New Bitcoin Difficulty All-Time High
Even though a 27% increase in hashrate in less than three months may seem insane, you ain't seen nothing yet.
Even though a 27% increase in hashrate in less than three months may seem insane, you ain't seen nothing yet.
Bitcoin mining is the most ruthlessly competitive industry in the world and nothing makes this clearer than the current economics and landscape of the industry.
Bitcoin is reliable and in a world of increasing chaos that reliability is a godsend. I am of the opinion that the world is not properly pricing that reliability at the moment.
Bitcoin is beautiful. Most don't realize this yet.
What is driving all of this? Let's take a look.
This will be the third consecutive downward adjustment and the fourth over the course of the last five difficulty epochs.
