The Bitcoin mining difficulty has been skewing upward for the better part of a year now and it seems there is no end in sight for this metric yet. The latest difficulty adjustment for Bitcoin mining has brought it to a brand new all-time high (ATH). But even more interesting is the fact that the mining difficulty is expected to jump double-digits again in the coming weeks.
Bitcoin Mining Difficulty Hits New ATH
With more mining machines being brought online, it is no surprise that the Bitcoin mining difficulty is on the rise. The most recent difficulty adjustment which took place on Tuesday, August 22, is a testament to this. This time around, the difficulty rose another 6.17% compared to the previous week, resulting in a new all-time high in this metric.
According to data from the mining tracker CoinWarz, the Bitcoin difficulty jumped to 55.62 T, the highest ever. The website notes that not only does this translate to a 6.17%…
