Bitcoin Mining Difficulty Nears All-Time High in Final Adjustment Before Halving
Bitcoin mining difficulty increased to 16.10 trillion (T) on Tuesday, close to the network’s all-time high of 16.55T recorded in March.
Mining difficulty passed 20 trillion Saturday morning.
Bitcoin's mining difficulty just recorded its largest percentage decrease since the advent of ASIC mining machines in late 2012.
The adjustment, spurred forth by fleets of newly booted ASICs, could be a harbinger of even larger difficulty increases in the coming year.
Bitcoin's mining "difficulty" just fell 6%, giving small-scale miners a reprieve. But this is only a small dip before an even steeper ascent.
Bitcoin mining is set to get easier, as the network undergoes an expected difficulty adjustment on Tuesday – the first since last week's reward halving.