Bitcoin Difficulty Increases for Third Time in Six Weeks, Miners Remain Undeterred With High Hashrate
On March 23, 2023, bitcoin experienced another difficulty increase, following two previous rises in the last month, jumping 7.56% higher. Currently, bitcoin miners have not been deterred by the increases, as the network hashrate has been coasting along at 346 exahash per second .As of writing, there are more than 1,700 blocks left until the next difficulty retarget on April 5, 2023.
Currently, the difficulty is 46.84 trillion and is only 3.16 trillion hashes away from reaching the 50 trillion mark for the first time. If the current estimated 6.9% increase comes to fruition, by April 5, 2023, the difficulty could reach 53.74 trillion. Statistics show that March bitcoin mining revenue may end up slightly lower than February’s $613 million. Incomplete monthly data shows that miners have collected $561 million since March 1.
Bulls have been Defending the 27k Crucial Support If Bitcoin Remains above the Support, It Might go up to 30k If Support Breaks,It Could Retest the 25k Support Area Y’all follow 21_sats She’s a super underrated Bitcoiner I’ve have been following her tweets and TA closely ETH
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