Bitcoin (BTC) Hashrate Reaches A New High!

We've got yet another win for cryptocurrency miners! The information indicates that more than 600.000
mining channels are activated in the previous 3 months.

At the same time, the mining difficulty of bitcoin also increased to a new record close to 12 trillion.
For people who are not aware, the mining difficulty adjusts every 2.016 blocks to make sure that the time
it takes to mine and generates a block onto the blockchain stays approximately 10 minutes. Even if the
hashing power produced by all the mining channels increases or decreases.

Despite the rising mining issue, the degree of mining keeps growing. This is based on study data from
Bitinfocharts. The source that provides cryptocurrency statistics argues that the current price amounts of
bitcoin (BTC) which are over the psychological barrier of 10.000 are tremendously favorable with breakeven
prices for cryptocurrency mining as little as $4.000 per free bitcoin miner.

When we compare the current state of this bitcoin blockchain with its state in 2017, we can see that the
blockchain is roughly 20 times more active. At this time, together with all the events described previously,
the favorable mining requirements and higher block rewards leave space for ASIC miners to flourish.
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