Bitcoin has witnessed an increase in difficulty mining since August 31, according to data published by BTC.com.
The report showed that Bitcoin's mining difficulty increased by 3.4%, which is a decrease from the previous jump of 9.26% on August 31. However, it is the fourth positive adjustment in a row.
The data also showed that Bitcoin mining difficulty on August 18 was at 0.63%.
While Bitcoin mining difficulty on July 22 was at negative (-) 5.01%, according to BTC.com.
BTC.com tracks network mining difficulty. It also posts an update as adjustments take place roughly every two weeks.
According to The Block, the significant fall in mining difficulty earlier this summer was due to Bitcoin miners turning off their machines in response to conservation demands during peak power demand due to extreme heat.
The intricacy of the process behind mining defines mining difficulty. During mining, miners are frequently trying to find a hash below a set level.
Miners that "discover" this hash win...
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