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2020-03-13 09:30

As Bitcoin (BTC) mining difficulty and hashrate hit new highs, less efficient miners, hurt by the virus outbreak, new-generation rigs, and falling BTC prices, may be out of business.

Bitcoin mining difficulty, a measure that shows how hard it is to compete for mining rewards, has hit yet another record. According to the major Bitcoin mining pool, it climbed to 16.55 T today, never being outside the 15 T range before.

This was a rise of 6.88%. It follows a 0.38% drop in mining difficulty two weeks ago, which was the first drop this year. That said, it took BTC mining difficulty just half a year to climb from 10 T to 16 T, making validating new blocks harder.