Bitcoin Miners Are Churning Out More Computing Power Than Ever
- A measure of computing power to mine Bitcoin hits record high
- Decline in energy costs, price rebound contribute to the rise
A cryptocurrency mining center.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Bitcoin miners are producing more computing power than ever with powerful specialized computers.
Mining difficulty, a measure of computing power to earn Bitcoin, reached an all-time high on Wednesday, according to data from btc.com. The bi-weekly update posted a 3.4% increase after another 3.22% jump during the last period. It has been on the rise with only two slight declines this year.