News Snapshot:
The mining difficulty of Bitcoin (BTC), i.e. the degree of difficulty in mining the market-leading cryptocurrency, has plummeted in recent weeks after the Chinese government cracked down on the domestic mining industry. Since June 17, 2021, however, the level of difficulty has been steadily increasing again. The reason for this is that some of the Chinese miners – the Middle Kingdom accounts for almost three quarters of the global hashrate of Bitcoin – are slowly moving abroad, which increases the available computing power and consequently the degree of difficulty for mining again. The difficulty has recently increased by 13.77%, which...
