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​Bitcoin mining becomes more competitive and harder than ever before

2019-06-28 12:02 pm | Resource: News Section | No Views : 80

​Bitcoin mining becomes more competitive and harder than ever before Bitcoin mining (BTC) is no longer a simple matter, after the idea spread among many companies, which has managed to raise billions of dollars thanks to this digital currency.
Blockchain.com's data on Thursday (June 27th) revealed that the difficulty of BTC mining has reached its highest level ever, demonstrating increased competition for rewards between companies and people working in that field.
Mining, which adapts to the network's 2016 blockage rate, has reached 7.86 trillion, a new record, surpassing the previous peak in October 2018.
At the same time, the same retail rate, which has hit new records almost daily in recent weeks, fell slightly to about 56 million retailers per second.
In other words, the competition between Bitcoin Mining companies on the new blocks, as well as the security of the BTC network was not generally higher.
Network metrics such as those that inspire confidence in both analysts and markets followed the 2019 bull race from the BTC back to a model of network stability after a period of decline in the last quarter of 2018.
At its lowest, the retail price was only $ 32 billion, after hitting a record high of $ 61 million in August.
We look forward, of course, but the next BTC bonus cut, scheduled for May 2020, may significantly affect staff morale and move prices accordingly.
In line with research published by the Pantera Capital Digital Currency Hedge Fund earlier this year, the impact of access to the event may be responsible for raising the BTC rate a year in advance.
"Fluctuation points occurred 376 and 320 days before stops in 2012 and 2016, respectively, as it could take an average of 348 days as a bottom on 10 June 2019.
Aside from Bitcoin Mining (BTC), the world's largest digital currency, press time, Friday, June 28, reached a price of $ 12,019, up 0.68% over the past 24 hours, according to data from the Coinmarketcap.com website.

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