Leader cryptocurrency Mining has become profitable again as the market price of Bitcoin has increased. The hashrate, which measures mining difficulty, is reaching a new high every day as more and more rigs become active.
Hashrate Rate Will Continue To Rise!
Blockchain The hashrate, which indexes mining difficulty, has risen to an all-time high of 356.35 EH/S, according to data tracker BTC.com. The website predicts that the metric in question will increase by another 2% in the coming days.
Although the hashrate rate measures how eager cryptocurrency miners are to profit, experts differ on this. a cut BTC While he believes that the price is correlated with the mining difficulty, the other party claims that this metric does not fully reflect the facts.
Why Is Mining Difficulty Rising?
Cryptocurrency experts in general bitcoin emphasizes that miners work more because the price rises. However, another theoretical explanation for the upward movement in the hashrate has recently emerged.
According to a report in Russia’s local sources, the crypto mining industry in the country has made great progress since the beginning of the war. The news source claims that Russia is currently the second country in the industry.
The serious prominence of a country in Bitcoin mining has caused some investors to worry about censorship. According to the argument, the concentration of mining activity in one country may be interrupted by the decisions of the government.
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