Bitcoin Mining Difficulty Reaches Record High of 101.65 T Amid Rising Network Hash Rate

Quick Summary:

Bitcoin Mining Difficulty Record High: What It Means for the Crypto Ecosystem On November 4, 2024, Bitcoin mining difficulty reached a historic high, climbing by 6.24% to 101.65 trillion (T).

This latest increase, recorded by CloverPool (formerly BTC.

As the mining difficulty rises, it becomes increasingly challenging for miners to earn rewards, impacting profitability and potentially driving less competitive miners out of the network.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News Bitcoin Mining Difficulty Record High

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 16:46:22 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 980 words

Reading Time: 6 minutes read

Sentences: 48 lines

Sentence Length: 21 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 23434802

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About BitcoinWorld

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Official Website: bitcoinworld.co.in

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