China FUD Over Bitcoin Mining Is ‘Now Moot,’ Luxor Report Says — CoinDesk


On the flip side, mining difficulty, which is a variable gauge that automatically adjusts under the Bitcoin blockchain’s code to maintain the community operating easily, can be predicted to be greater within the fourth quarter by Luxor. “We will continue to see successive upward difficulty adjustments, though none will be as drastic as the largest positive adjustments we experienced in Q2 and Q3,” the report mentioned. The next issue is normally an earnings headwind for the miners as new bitcoin turns into tougher to search out for the mining rigs.