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[ammu40]

Bitcoin's mining difficulty is expected to increase tomorrow, adding to the ongoing trend of rising difficulty levels. Despite the price of Bitcoin dropping today, it has been on an upward trajectory, up over 75% since the start of 2023. As mining becomes more difficult, it requires more advanced technology and increased power consumption to produce the same amount of Bitcoin. This can impact smaller mining operations during bear markets, with some struggling to maintain profitability. However, larger Bitcoin mining companies are expected to weather the difficulty increase, as the price of Bitcoin continues to outpace the rising mining difficulty.

 

[Riberet19]

The level of hashrate does not stop touching historical maximums really the difficulty of the network is at surprising levels, I suppose that this at some point will mean a price increase in the future, since I think it is closely linked to the difficulty of mining Bitcoins with the price in question.

 

[Gamer01]

Yes the difficulty is increasing but the price is actually more of the range bound and for it to increase substantially we need to make sure that we can have it running and flowing freely then being moving as restricted financial market .

 

[btaliat]

There is no way this will not affect the price of Bitcoin. And to be more practical, it is likely this increase the price of Bitcoin. This is because the difficulty in mining Bitcoin will make many to hodl their Bitcoin rather than selling it.

 

[Gen Evie]

An increase in mining difficulty means that miners must put in more computing power in order to mine a block. It also points to the participation of more miners, as the mining process becomes more computationally demanding as more come on board

 

[Gamer01]

We all hope so that the same we are thinking happens but as we know the most of the coins are being held by people that are not against the small traders and are whales so they will keep manipulating the markets indeed .

 

[Gamer01]

We all hope so that the same we are thinking happens but as we know the most of the coins are being held by people that are not against the small traders and are whales so they will keep manipulating the markets indeed .

 

[Riberet19]

We all hope so that the same we are thinking happens but as we know the most of the coins are being held by people that are not against the small traders and are whales so they will keep manipulating the markets indeed .

according to the chain for example through Glassnode there are fewer and fewer whales in the ecosystem, that is, many have sold and others are not known if they are distributing to smaller portfolios but the level of whales has only decreased and there are about 1200 according to the latest data, and holders already have more than 14.3 million Bitcoins in their hands.

 

[Wisdom01]

The mining difficulty is actually a big issued and concerns , I believe that for example you should be placing relevant concern on the mining affairs , you should be placing relevance on different segment of mining

 

[Gamer01]

bitcoin is definitely going to have a tougher mining process because price is going up when it happens the interest is going up and that is how you can expect that the difficulty will keep on increasing it is not easy to actually mine bitcoin even at low difficulty let alone when its the peak season indeed actually .

 

[IB DD]

As it stands now, Bitcoin is very difficult to mine. And that has contributed to the rise in price of Bitcoin lately. The difficulty in mining Bitcoin has led to scarcity of Bitcoin which translates to higher value and price.