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BitFuFu Reports Lower Bitcoin Mining Output in October Despite Stable Hashrate
(3 hours ago) · 1 source · Summarized by CryptoBipto
BitFuFu, a cloud mining company, reported that its Bitcoin mining output declined in October even though its hashrate remained steady. The drop in output despite consistent computing power points to increased mining difficulty across the Bitcoin network.
WHY IT MATTERS
Bitcoin mining is the process by which powerful computers compete to solve complex math puzzles in order to validate transactions and earn new Bitcoin as a reward.
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SOURCES
- newsbtc.com
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