Bitcoin (BTC) Difficulty Rises by 15% Overnight, Mining Keeps Growing
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Bitcoin (BTC) mining is becoming more and more competitive, leading to the latest difficulty adjustment that saw the mining parameter jump by 15% overnight. The difficulty re-calculation is due to the significant inflows of new mining power, soon set to take Bitcoin hashrate to above 50 million TH/s.
In addition, cloud mining is getting less feasible but continues to be offered resembling a sort of pyramid scheme as most of the profitability relies on new referrals:
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