Bitcoin mining complexity surges as miners’ reserves slip 4.74% YoY

Oluwapelumi Adejumo

Bitcoin’s mining ecosystem has reached unprecedented levels in terms of difficulty as hashrate reached new highs along with the price. On Dec. 16, mining difficulty surged by 4.43% to an all-time high of 108.52 trillion at block height 874,944. This marks the sixth consecutive upward increase in mining difficulty and the 26th adjustment this year. […]

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Bitcoin mining complexity surges as miners’ reserves slip 4.74% YoY