On-chain data shows that Bitcoin's mining difficulty has crossed an all-time high with its latest jump, the second in two weeks.
Bitcoin's mining difficulty block height increased by 3.45% to 753,984 to 32.05 trillion hashes.
This is the second significant recent increase. On August 31, the difficulty rose to 9.26%.
With Bitcoin's compressed value, the recent decline in high CPI numbers and the possibility of a dip as low as $10,000, profitability for miners is shrinking.
Despite concerns about gain, the average hash rate remains above 200 exhash per second at 229.39 EH/s, close to an all-time high of 231 EH/s.
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