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@zonahazlit
CloverPool data shows that the difficulty of Bitcoin mining has increased by 1.43% to 113.76 T. This makes the production cost of Bitcoin rise, because miners need more computing power and electricity to mine the same amount of Bitcoin. As for the market price, the increase in mining difficulty may indicate a decrease in the supply of new Bitcoins, which could theoretically support the price. However, the cryptocurrency market is volatile, and the impact on price stability is limited.
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