Bitcoin Mining Difficulty Jumps Nearly 6%, Steepest Since June 27
- —Difficulty rises ~5.9% at block 971,712, steepest since June 27
- —Median block time was 9.45 minutes versus the 10-minute target
- —Fees accounted for just 2.97 BTC of 452.97 BTC in daily miner revenue
- —Block reward has been fixed at 3.125 BTC since April 2024 halving
Why it matters: A nearly 6% difficulty jump with no fee cushion raises miners' costs and could add selling pressure over the next two weeks.
Source: CryptoTicker