Bitcoin Mining Difficulty Surges to All-Time High, Putting Additional Squeeze on Miners

Bitcoin Mining Is Cool Again; We Can Thank Africa, Prudence and Growing Hashrate for That

Part of the Bitcoin code includes a so-called difficulty adjustment every 2,016 blocks (about every two weeks). The size and direction of the adjustment depends on the total computing power mining bitcoin, and its purpose is to keep block confirmations coming about every 10 minutes.

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