Bitcoin

How Is the Bear Market Affecting Bitcoin Mining Difficulty, and Why Does It Matter?

What Is Bitcoin Mining Difficulty? Put simply, mining difficulty refers to the complexity of the computing operations that a device has to perform in order to mine new bitcoin (or another type of cryptocurrency, if you're using a different blockchain). Why would mining difficulty vary over time? The reason is that changes in mining difficulty ensure that the blockchain grows at a relatively constant rate, even if the number of miners on the network or the computing power that they control fluctuates.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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