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Bitcoin mining difficulty reached new high

World’s largest crypto currency Bitcoin just hit a new mining difficulty level as demand skyrocketed

According to reports Bitcoin mining difficulty level just hit a new all time high

This happened for the second time this month due to raise in raising hash rate

Bitcoin hash rate is at a high level that is making mining Bitcoin harder than ever

According to data by bitinfocharts mining difficulty reach 20.6 trillion making the biggest spike in four months

Difficulty is the level of resources needed to mine bitcoin this value either increase or decrease after 2016 blocks

The mining difficulty increase came after china based miners facing setbacks caused by global lack of mining chips

This resulted unprecedented prices of mining equipment in china and prices of equipment doubled within matter of months

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