Bitcoin (BTC) mining difficulty is set to rise by roughly 11% on Jan. 9, according to data from BTC.com. This marks the biggest increase in nearly four months that will put the metric over 20 trillion for the first time ever.
“Hashrate is on a tear!” commented popular pseudonymous Bitcoin trader hodlonaut three days ago. “When difficulty readjusts in 3 days, it will crush through 20T for the first time in Bitcoin history.”
Bitcoin network difficulty reaches 20 trillion
The network difficulty is a relative measure of how hard it is to mine a new block for the Bitcoin blockchain. Read more…..
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CAPTION….Ron Insana, Schroders NA senior advisor, and Samantha Azzarello, J.P. Morgan Asset Management global market, join ‘Power Lunch’ to discuss the level of speculation in the market and the risks they’re seeing in the market.