Difficulty

Bitcoin Mining Difficulty Hits Historic Highs in 2023, Predicted Miner Exodus After Halving | CoinShares Analysis

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Bitcoin Mining Difficulty Hits Historic Highs in 2023, Predicted Miner Exodus After Halving | CoinShares Analysis

The current bitcoin mining difficulty is at historic highs, with computing power increasing by over 100% in 2023. CoinShares predicts a decline in mining activity after the halving, resulting in a “miner exodus.” The company also forecasts the average cost of production per coin to normalize at just under $38,000 post-halving. This is due to … Read more

Bitcoin Hashrate Surges, Projecting Significant Increase in Difficulty

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Bitcoin Hashrate Surges, Projecting Significant Increase in Difficulty

Bitcoin Hashrate Explodes, Difficulty Set To See Big Uptick Bitcoin mining difficulty is expected to increase significantly in the next adjustment as the hashrate continues to rise. The hashrate measures the total computing power that miners have connected to the Bitcoin blockchain. Increasing values indicate more profitability, attracting new miners, while decreasing values suggest some … Read more