CandleFocus Bitcoin Mining Difficulty Hits Record 92 Trillion
2024-09-11
Author: Content Editor
The Bitcoin mining difficulty has reached a new all-time high of 92.67 trillion, marking a 3.04% increase in the last 24 hours. This upward trajectory reflects the growing competition among miners and highlights the demand for Bitcoin block rewards. The difficulty adjustment algorithm built into Bitcoin's code ensures a steady influx of new Bitcoin and makes its inflation rate predictable, making it appealing to investors. The rising difficulty also promotes network security and decentralization.
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