Bitcoin (BTC) mining difficulty seems likely to break another record in a matter of hours, yet again cutting into the decreasing profit margins of miners. It is estimated that the Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, will rise some 4.19% in less than a day, per data by mining pool BTC.com.
With this, the difficulty would hit a new all-time high (ATH) of 28.6 T, compared to the previous ATH of 27.97 T seen in mid-February.
Since the last difficulty adjustment two weeks ago, Bitcoin mining profitability went up just over 14%, as the price of BTC was rising as well, going from USD 40,922 on March 17 to USD 47,885 on March 29.
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