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Bitcoin Miners' Profitability May Narrow as Mining Difficulty Hits Second-Biggest Increase This Year

Bitcoin miners are stepping up production as the weather cools down, so the network automatically adjusted to increase the difficulty of mining a block.

Updated May 11, 2023, 5:39 p.m. Published Aug 31, 2022, 1:28 p.m.
Bitcoin mining machines (Michal Bednarek/Shutterstock)
Bitcoin mining machines (Michal Bednarek/Shutterstock)