What just happened to Bitcoin mining? and what does it mean for the future?! (short news)

Ezo9...E3kt
1 Jun 2023
30

short news:
The difficulty of mining Bitcoin has doubled over the last two years, hitting 49.55 trillion, and on May 31.
This increase is in line with the network's rising hashrate and keeps the time required to mine a new block at roughly ten minutes. Higher levels of difficulty lead to reduces mining earnings. 
Despite this, the majority of miners choose to keep their coins rather than sell them.
According to Glassnode, an on-chain analytics company, miners have added 8,200 BTC to their balance since the selloff that followed FTX's demise. The computer power is measured by the hash rate.
 
 
 
This tells me that the chances of the Bitcoin price going up are increasing. This is because when miners get less even if they sell it will affect the price less.
This data shows me that maybe I should avoid mining bitcoins with special and expensive equipment, that's because I will earn less if I do so.
 
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