Bitcoin Miners Shrug Off 7% Difficulty Rise As Hashrate Smashes Record
Summary
Bitcoin mining hashrate has reached new all-time highs, indicating increased network security. The surge in hashrate is attributed to the attractiveness of mining due to price surge and transaction fee increases. The mining difficulty ensures block rewards remain constant despite rising hashrate, preventing inflation. Despite a recent 7% increase in difficulty, miners continue to add more hashrate. Bitcoin's price has dropped to $42,700.
