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05 December 2020

Ethereum Mining Difficulty Inches Away from All-Time-High - Decrypt

Ethereum Mining Difficulty Inches Away from All-Time-High - Decrypt


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Ethereum’s mining difficulty has been increasing all year but took off at the end of August when this summer’s decentralized finance (DeFi) boom had its last hurrah.

The latest mining difficulty increase follows Ethereum’s booming price, which broke above $500 for the first time since the summer of 2018 and has been rising for months.

Bitcoin’s mining difficulty tracks Ethereum’s, although Bitcoin’s mining difficulty is far, far higher, at 134.57 EH/s.

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