Bitcoin mining difficulty increases for the first time since May

Bitcoin mining difficulty increases for the first time since May

See more from Benzinga What’s next: The increasing rate of difficulty reported today indicates more mining machines are back online. The level of difficulty increases as more minors try to earn Bitcoin, which requires computer power to validate transactions on the network. BTC is priced at over $41800 at the time of publication, after marking a low of $28600 on June 22.

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. The largest drop in mining difficulty occurred on July 3 of this year, when the rate fell by 28%. Followed by another drop of 4.81% on July 18.

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