Bitcoin Difficulty Jumps 3% As Hashrate Slowly Recovers

Quick Summary:

On-chain data shows the Bitcoin mining difficulty has seen an increase in the latest adjustment, a consequence of the hashrate’s recovery.

As would be expected given the difficulty’s positive adjustment, the Bitcoin mining hashrate has been rising recently.

The total computing power of the miners is called the “hashrate.” Below is a chart that shows the trend in the 7-day average of this metric over the past year.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: Hungary

Topics: Bitcoin hashrate Bitcoin difficulty Btc Bitcoin Mining Hashrate Btcusd Bitcoin Miners Bitcoin mining Bitcoin Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 03:30:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 472 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22303901

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About Bitcoinist

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Official Website: bitcoinist.com

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Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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Publisher ID: #105

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