RATE Group | Pre-Bitcoin Halving Race Pushes Mining Difficulty to Record High
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Pre-Bitcoin Halving Race Pushes Mining Difficulty to Record High

14 Jan Pre-Bitcoin Halving Race Pushes Mining Difficulty to Record High

Posted at 13:19h in Bitcoin News by

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Pre-Bitcoin Halving Race Pushes Mining Difficulty to Record High 101
Source: iStock/NiseriN

As Bitcoin (BTC) mining difficulty and hashrate are reaching new all-time highs, the Cryptoverse is discussing the meaning behind it, and it seems unlikely that the miners are capitulating ahead of the Bitcoin mining reward halving in May.

As reported by Cryptonews.com in October 2019, miners will try to increase their mining activity, so as to obtain a greater share of the hashrate ahead of the halving. And it seems that Bitcoin miners are expanding according to this scenario.

Bitcoin mining difficulty, which is a measure of how hard it is to compete for mining rewards, is expected to hit yet another record in a matter of hours. The network difficulty currently stands at 14.99T, which is already the highest it’s ever been. Major Bitcoin mining pool BTC.com estimates that during the next difficulty adjustment, expected to happen later today, it will increase by 8.64%, reaching another all-time high with 15T, and making validating new blocks even…

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