Bitcoin mining difficulty this week set a new all-time high of 26.64 trillion as the total hash rate of the Bitcoin network hit a record 199 TH/s. While such a turn of events is completely predictable given Bitcoin algorithms, they both happened while the price of Bitcoin is actually trending down. Is it the beginning of cryptapocalypse?
To avoid ‘oversupply’ or ‘undersupply’ of Bitcoin and consequent drop or increase of its value/purchase power, the difficulty of Bitcoin mining is…
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