{"id":1401,"date":"2022-05-11T16:37:07","date_gmt":"2022-05-11T16:37:07","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/05\/11\/bitcoin-miners-headed-for-a-shutdown-as-mining-difficulty-surges-4-89\/"},"modified":"2022-05-11T16:37:07","modified_gmt":"2022-05-11T16:37:07","slug":"bitcoin-miners-headed-for-a-shutdown-as-mining-difficulty-surges-4-89","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/05\/11\/bitcoin-miners-headed-for-a-shutdown-as-mining-difficulty-surges-4-89\/","title":{"rendered":"Bitcoin Miners Headed For A Shutdown As Mining Difficulty Surges 4.89%"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"m-on mb-3 text-center\">\n<a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=180936;size=320x100;setID=508113\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"320\" height=\"100\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=img;click=CLICK_MACRO_PLACEHOLDER\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=img;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\"\/><\/noscript><\/a>\n<\/div>\n<p><span style=\"font-weight: 400;\">According to information from btc.com, a Bitcoin mining efficiency monitoring agency, Bitcoin mining issue has risen considerably.\u00a0<\/span><span style=\"font-weight: 400;\">As famous on Twitter, by fashionable cryptocurrency reporter Wu blockchain, the Bitcoin mining issue has recorded a rise of practically 5%. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Per his tweet,\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201c<\/span><i><span style=\"font-weight: 400;\">According to BTCcom, the current Bitcoin mining difficulty reached 31.25 T, an increase of 4.89% and a record high.\u201d\u00a0<\/span><\/i><\/p>\n<\/blockquote>\n<h2><strong>Bitcoin Mining Difficulty Hits New Levels<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The new improvement would possibly spell doom for Bitcoin miners. As it additionally seems that with Bitcoin\u2019s value taking a downward flip, Bitcoin miners could also be heading for a storm.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cBut as Bitcoin falls to $30,000, more miners will be approaching the shutdown price.\u201d Wu added.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The value of Bitcoin continues to drop, Bitcoin mining firms stand to report important losses.\u00a0<\/span><span style=\"font-weight: 400;\">An observer famous this in his tweet, which was a response to the surge in mining issue, saying :\u00a0<\/span><\/p>\n<blockquote>\n<p><i><span style=\"font-weight: 400;\">\u201cBitcoin mining companies will start getting into serious trouble if BTC goes and stays below 30k for a long time. Some have purchased mining hardware (to be delivered in 2022) at $100 per TH\/s or more.\u201d<\/span><\/i><\/p>\n<\/blockquote>\n<h2><strong>What to count on subsequent<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">On April twenty eighth, the Bitcoin community hash charge tallied a brand new ATH of 258 EH\/s. By the tip of the month, it eased down 220 EH\/s with none putting damaging affect on the BTC community issue. <\/span><span style=\"font-weight: 400;\">Meanwhile, the value of BTC has gone down by 23% over the past fourteen days.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the foremost concern isn&#8217;t the BTC lowering under $30,000 on buying and selling ranges, however how lengthy it&#8217;s going to keep in decline.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the brighter aspect, the community is effectively positioned to safe a greater all-time excessive, contemplating the value and total safety.\u00a0 <\/span><span style=\"font-weight: 400;\">Fortunately, the absence of short-term holders additionally offers room for on-chain indicators to suggest bullish momentum.\u00a0<\/span><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA112266\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<div class=\"authodes\">\nSunil is a serial entrepreneur and has been working in blockchain and cryptocurrency area for two years now. Previously he co-founded Govt. of India supported startup InThinks and is presently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has printed greater than 100 articles on cryptocurrency and blockchain and has assisted a lot of ICO&#8217;s of their success. He has co-designed blockchain improvement industrial coaching and has hosted many interviews in previous. Follow him on Twitter at <a href=\"https:\/\/twitter.com\/sharmasunil8114\">@sharmasunil8114<\/a> and attain out to him at sunil (at) coingape.com\n<\/div>\n<\/p><\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/bb2db02531ca08606aa5fdd533609d02?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\" src=\"https:\/\/secure.gravatar.com\/avatar\/bb2db02531ca08606aa5fdd533609d02?s=60&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/bb2db02531ca08606aa5fdd533609d02?s=60&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/bb2db02531ca08606aa5fdd533609d02?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD112266\">\n<p> The introduced content material might embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn&#8217;t maintain any accountability to your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/bitcoin-miners-headed-for-a-shutdown-as-mining-difficulty-surges-4-89\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] According to information from btc.com, a Bitcoin mining efficiency monitoring agency, Bitcoin mining issue has risen considerably.\u00a0As famous on Twitter, by fashionable cryptocurrency reporter Wu blockchain, the Bitcoin mining issue has recorded a rise of practically 5%. Per his tweet,\u00a0 \u201cAccording to BTCcom, the current Bitcoin mining difficulty reached 31.25 T, an increase of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[14],"tags":[20,1378,1376,585,442,1377,1040],"class_list":["post-1401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-bitcoin","tag-difficulty","tag-headed","tag-miners","tag-mining","tag-shutdown","tag-surges","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/1401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=1401"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/1401\/revisions"}],"predecessor-version":[{"id":1402,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/1401\/revisions\/1402"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/1175"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=1401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=1401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=1401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