Bitcoin Difficulty Touches All-Time High, 120 Exahash of Hashpower Remains Strong

The network difficulty for the Bitcoin network spiked over 9.8% on Monday bringing the difficulty to its highest point ever.

Data Shows Recent Bitcoin Difficulty Adjustment May Kickstart New Accumulation Phase

Bitcoin is currently trading just below its most important resistance yet, gearing up for what most crypto analysts expect to be a major move.

Experts Say Bitcoin Difficulty Adjustment Might Prompt Miners to Switch Off Again

As the network gets readjusted, and Bitcoin mining difficulty increases, older generations of mining machines might be out again. Some Bitcoin (BTC) miners might become unprofitable again as a result of the latest difficulty adjustment.  Earlier this week, the network mining difficulty adjustment saw a +14.95% spike, its largest increase since January 2018.

Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China

It’s been approximately 37 days since the notorious Bitcoin reward halving that took place on Monday, May 11, 2020.