Bitcoin Mining Difficulty Jumps 3% to Hit New All-Time High

[Google News Bot]

Competition among Bitcoin miners has reached a new record high as the network’s mining difficulty jumped another 3.44% on Sunday to hit a new all-time high of 36.835 trillion hashes, data from BTC.com shows. While the latest increase is not as significant as the previous difficulty adjustment of almost 14% earlier this month, it still means there’s even more pressure on miners to spend additional resources to perform the same amount of work. Mining difficulty measures the computational power required to validate Bitcoin transactions and, consequently, how hard it is to find new blocks ...

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