Bitcoin Mining Difficulty Hits Record as ETF Assets Top $500B

Bitcoin Mining Difficulty Hits Record Highs Amid Major ETF Milestone

Main notes

  • Bitcoin mining difficulty has reached the highest level at all times at 127.6 trillion.
  • Miners’ profits amounted to 52.63 million dollars per Exhash.
  • The external flows of the currencies of a mine decreased by nearly 49 %, indicating the strong holding of the Holding.

Bitcoin

BTC
114 dollars 985



24 hours fluctuation:
0.9 %


The maximum market:
$ 2.29



Folder. 24h:
$ 29.90 b

The mining difficulty increased to a record level of 127.6 trillion this week, making it more difficult than ever to extract a new BTC. Miners now need more computing energy to solve the required puzzles to verify the authenticity of transactions and gain rewards.

However, a slight decrease is expected to about 3 % on August 9, which reaches the difficulty of about 123.7 trillion, according to data from Coinwarz.


This modification is part of the integrated Bitcoin system that keeps the production of a fixed mass, even with the change of mine workers.

High competing mining workers’ participation signals

The increase in the difficulty of mining shows that more miners join the network, which enhances security and decentralization. This trend reversed a brief decrease in June, when the difficulty decreased to 116.9 trillion.

Since then, the network has restored strongly, with miners clearly ready to compete in the most demanding environment.

The profitability is still unchanged

Surprisingly, the growing difficulty did not hurt the profits of miners. In reality, The profits arrived The highest level in half is $ 52.63 million per exhash per day.

This indicates that miners use more efficient machines or that strong bitcoin prices help compensate for additional competition. Usually, the high difficulty makes it difficult to earn bonuses, but this time, miners are still in good condition.

At the same time, the amount of bitcoin flowing from the mining workers wallets decreased sharply. According to Latest dataThe moving average decreased for 7 days of external flows to make a mine by approximately 49 %, with only 0.61 BTC transfer on average.

This indicates that miners do not sell many of their property, perhaps because they expect prices to rise or be already profitable enough to stick to coins.

Investment funds circulated in the investment funds circulated in the historical landmark

For the first time, the joint assets under management (AUM) passed through the investment funds circulating in gold and bitcoin 500 billion dollars, according to The bold report.

The Golden ETFS represents about 325 billion dollars, while Bitcoin’s investment funds rose to 162 billion dollars, up from $ 20 billion before Bitcoin’s ETF launch.

The sharp rise shows increasing interest in institutional investors and highlights the increasing role of Bitcoin in the global financial market.

Since the launch of these investment funds in the United States, the price of Bitcoin jumped about 175 %, compared to the increase of gold by 66 %. The difference reflects the high growth capabilities of Bitcoin and its larger fluctuation.

The rapid rise in ETF investments shows that a greater number of investors believe that Bitcoin as a dangerous asset and perhaps the best purchase is worth sticking to the side of gold.

the next

Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

Bitcoin news, cryptic currency news, news


Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.

Part Dubey on LinkedIn

The post Bitcoin Mining Difficulty Hits Record as ETF Assets Top $500B first appeared on Investorempires.com.