Bitcoin’s mining difficulty is set to reach a new high with the biggest increase since 2018

If the average interval is shorter than 10 minutes, which means more hash rate during the period has been plugged in, the network will increase the difficulty in reaction to the rising level of competition on the network.

Security accidents at several coal mines in China’s northeastern region took place in mid-April, causing power plants in Xinjiang to shut down electricity supplies to data centers in the region.

That means, on average, around 10 EH/s of computing power from newly delivered machines have been connected to the network over the past month.

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