Bitcoin mining difficulty attains new ATH: Largest spike since May 2021
Last Week, the Bitcoin mining hashrate crossed the 300 EH/s benchmark to clinch a new all-time high. At that time, it was reported that mining difficulty was also set to increase this week. Read More: Bitcoin Hashrate crosses 300 EH/s to create new ATH Now, post the latest adjustment that took place on Monday, Bitcoin mining difficulty surpassed the 35.61 trillion mark to create a new record high. JUST IN: #Bitcoin mining difficulty reaches 35.61 trillion, a new all time high. — Watcher.Guru (@WatcherGuru) October 10, 2022 Largest hike since May 2021 The last adjustment made Bitcoin’s mining difficulty drop. However, during the previous four instances before that, the difficulty saw inclinations in the 0.63% to 9.26% bracket. This time, however, it transpired into a whooping 13.55% hike. Per data from BTC.com, the latest elevation is the largest since 13 May 2021. The number in August last year, however, stood quite close at 13.24%. Resultantly,...