Bitcoin Miners Prepare for Upcoming Difficulty Increase in the Face of Market Uncertainty
Bitcoin mining Bitcoin (BTC) miners are preparing for another difficulty adjustment this week, as the computational power required to mine new coins reaches its highest level in history. The next difficulty adjustment, which is expected to occur on Friday, March 10, will take the difficulty level from 43.05 T to 44.46 T, according to estimations from the crypto mining data provider CoinWarz. Source: CoinWarz The expected increase will take the difficulty of mining new Bitcoin to yet another all-time high. This is despite the fact that it is already at a record-high level after a consistent rise in the difficulty level since the second half of 2022.Bitcoin Bitcoin mining difficulty level. Source: CoinWarz Hashrate continues to rise Increases in the difficulty level of Bitcoin mining generally follow increases in the hash rate on the network – the amount of computational power dedicated to mining Bitcoin globally. When the hashrate rises, difficulty also ris...