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Why is it becoming more and more difficult than mining (why mining is becoming less and less)

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Why is it becoming more and more difficult than mining (why mining is becoming less and less)

Why is it getting harder than mining? According to cryptoglobal, the recent decline in Bitcoin prices has made mining increasingly difficult. Why is it getting harder than mining Because many times people do not realize that they may need a brand new ASIC to protect their machines and devices from 51% attacks, network upgrades, and other issues. But when we consider various problems in the current Cryptocurrency market, let’s think about this topic: if more people start to study mining, why is it so complicated than mining

Why mining is decreasing

According to Coindesk, the value of Bitcoin is currently around $2 trillion. However, in recent years, due to the increasingly high mining costs of Cryptocurrency (such as electricity charges), many investors will consider converting part of their portfolios into mining assets Therefore, in the long run, as more people are willing to participate with their own money, the demand for blockchain and encrypted digital technology will also increase. If people are unwilling to use their funds to mine new coins or other tokens, they will transfer the funds to other places, which leads to fierce competition in the mining industry.

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