Bitcoin Difficulty Sees Two-Year Record Surge as Hash Rate Mimics 2017
A giant 14.95% advance makes analysts confident as miners appear to balance increased costs to retain profitability. The Bitcoin (BTC) mining difficulty has seen its biggest upward move for over two years after warnings over BTC price selling pressure. According to data from on-chain monitoring resource BTC.com on June 17, the latest difficulty adjustment saw difficulty increase by 14.95% — the most since January 2018. Bitcoin difficulty shoots up 15% The increase tops previous automated predictions, which just days ago suggested an increase of closer to 10%. As Cointelegraph reported, the 15% figure almost entirely reverses the negative moves of the two previous adjustments of -9.29% and -6%. Difficulty adjustments are an essential part of how Bitcoin functions.
Coin Telegraph - 17th Jun 10:06