BTC mining difficulty soars to new all time highs!
If you are a miner, things just got more difficult!
The mining difficulty is now at levels not seen since...
Ever!
(Source: https://twitter.com/btcmrkts/status/1134474198695514112)
What does this mean?
It is getting more and more expensive to mine bitcoin, which is probably a good thing.
Though it depends on how you look at it.
I am of the opinion the ideal situation is where miners can only eek out a very small profit for mining.
Otherwise I feel like they would be dumping heavily to lock in profits.
Shoveling 💩 is just as tuff 😂
Lol, how do you know?
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