The bitcoin mining difficulty had dropped over the month of September, which led to a large increase in the bitcoin hashrate. It had hit a new all-time high and saw a high block production per hour. Now, miners are beginning to bring their new, more efficient mining machines only. This has led to forecasts that the mining difficulty is about to see a massive adjustment in the coming week.
A 12% Difficulty Adjustment
The bitcoin hashrate had hit a new all-time high of 260 exahashes per second as the market opened into a new month. In the same one-week period, miner revenues had also jumped, leading to a 10.3% increase at this time. Block production rate had grown 8.4% to the new 6.45 bl
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