Bitcoin Mining Difficulty Soars to New ATH amid BTC Price Dip
Recent data have left analysts optimistic about what the future holds for Bitcoin and the largest altcoin Ether (ETH).
Recent data have left analysts optimistic about what the future holds for Bitcoin and the largest altcoin Ether (ETH).
Despite concerns about profitability, however, some believe that higher mining difficulty could be a good sign for the network.
The Bitcoin network is arguably getting stronger as on-chain data suggests.
While the proliferation of crypto mining firms is gradually taking the center stage, the duo of Riot Blockchain and Marathon Patent Group currently dominates the sphere and are backed up by investors’ money.
The Bitcoin Cash network gains momentum, even though the difficulty is a lot lower than that of Bitcoin and mining the latter is still more profitable.