There’s something happening in crypto today that isn’t making many headlines, but I think it’s worth a look 🧐
Bitcoin mining difficulty is expected to rise today
by around 6.44%
bringing it to about 149.6 trillion
What does that mean?
It already rose 5.92% on October 16,
reaching 140.58 trillion
At the time, the network’s total hashrate had topped 1,024 EH/s
That’s 1,024 exahashes per second
Less than a month later, it’s set to climb another step
That suggests miners aren’t pulling out—in fact,
they’re adding more machines
Here’s what’s interesting:
Bitcoin’s price has been hovering around $80,000 for nearly two weeks
while miners’ electricity bills and equipment depreciation haven’t taken a day off
They’re willing to keep adding hashrate,
which means they’re putting real money on the line, betting that mining at this price is worthwhile
Of course, rising difficulty isn’t good news for miners
The same hashrate earns fewer coins
and life gets harder for smaller miners
Hashrate will only become more concentrated in the hands of large mining farms
So this is how I read the signal:
Price can move sideways and wear people down,
but hashrate rarely lies about its direction
Miners adding machines suggests long-term players haven’t left
Still, don’t take this as a bullish signal on its own
Rising difficulty is a lagging indicator
It reflects investment decisions made over the past few weeks,
not a guarantee of where the price will be tomorrow
Do you usually keep an eye on on-chain metrics like difficulty and hashrate?
Or do you only watch price and ETF flows?
Let’s discuss in the comments: do you think miners ramping up is a sign of confidence or just momentum?
$BTC
#比特币 #挖矿 #MarketWatch
Not investment advice. DYOR. Trading involves risk.
Bitcoin mining difficulty is expected to rise today
by around 6.44%
bringing it to about 149.6 trillion
What does that mean?
It already rose 5.92% on October 16,
reaching 140.58 trillion
At the time, the network’s total hashrate had topped 1,024 EH/s
That’s 1,024 exahashes per second
Less than a month later, it’s set to climb another step
That suggests miners aren’t pulling out—in fact,
they’re adding more machines
Here’s what’s interesting:
Bitcoin’s price has been hovering around $80,000 for nearly two weeks
while miners’ electricity bills and equipment depreciation haven’t taken a day off
They’re willing to keep adding hashrate,
which means they’re putting real money on the line, betting that mining at this price is worthwhile
Of course, rising difficulty isn’t good news for miners
The same hashrate earns fewer coins
and life gets harder for smaller miners
Hashrate will only become more concentrated in the hands of large mining farms
So this is how I read the signal:
Price can move sideways and wear people down,
but hashrate rarely lies about its direction
Miners adding machines suggests long-term players haven’t left
Still, don’t take this as a bullish signal on its own
Rising difficulty is a lagging indicator
It reflects investment decisions made over the past few weeks,
not a guarantee of where the price will be tomorrow
Do you usually keep an eye on on-chain metrics like difficulty and hashrate?
Or do you only watch price and ETF flows?
Let’s discuss in the comments: do you think miners ramping up is a sign of confidence or just momentum?
$BTC
#比特币 #挖矿 #MarketWatch
Not investment advice. DYOR. Trading involves risk.