Bitcoin mining difficulty set to rise 5% on Thursday
- —Difficulty to rise from 140.58T to about 147.6T at block 973,728
- —Hashrate up 16% in 30 days to 1,075 EH/s as BTC fell 4.9%
- —Revenue per EH/s down 18.4% to roughly $33,600 a day
- —BTC would need about $98,200 to restore late-September economics
Why it matters: Rising difficulty into a falling price squeezes miner margins and could add to sell pressure on the market.
Source: CryptoTicker