Bitcoin Mining Difficulty Eyes New ATH As Block Production Ramps Up

Bitcoin mining difficulty has been on the rise as the network has gained more popularity. This is a far cry from what was expected after China, which was known as the mining capital of the world at that point, had laid a blanket ban on crypto mining. Bitcoin miners had been able to successfully set up in other regions of the world and mining activities have ramped up since then.

This time around, it comes along with the growth of blocks mined per hour which has smashed all expectations. Not only has the mining difficulty been affected by this but its effects are being felt all around the mining industry.

The mining difficulty has not been the only thing affected by the increased block production rate. Other things like daily miner revenues have been on the rise. Bitcoin mines saw a 6.86% change in the last week ending on March 28th. This represents more than a $2 million increase over a seven-day period. Also important to note that the same daily revenues had been up 7% in the previous week.