Bitcoin's hashrate continues to rise after a sharp summer fall amid China's anti-mining campaign.
According to BTC.com, this weekend the difficulty of mining Bitcoin increased by 4.69%, to 22.67 trillion hashes.
The network hash power dropped below 90 on July 5 exahashes per second (EH/s) has triggered a series of difficulty reductions. Now it is growing again for the ninth week in a row.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
Soluna is going to compensate for electricity
The amount of electricity used for mining is of concern in terms of environmental impact. Current estimates place the energy consumption for Bitcoin mining at around 2.55 gigawatts, almost as much as the whole of Ireland consumes. And this problem only gets worse as the number of operations increases.
Cryptocurrency price decline could hurt Advanced Micro Devices' gaming business
It's no secret that NVIDIA and Advanced Micro Devices (AMD), the only two manufacturers of high-end GPUs, have increased their processor profits thanks to the cryptocurrency boom. Their processors are used to mine cryptocurrencies such as Ethereum and ZCash, which are created by running calculations on GPUs.
