Bitcoin Miners Power Up Rigs to Record Levels as ‘Halving’ Nears

Bitcoin miners are generating more computing power than ever to mint the cryptocurrency ahead of a code adjustment within two weeks that will dramatically reduce revenue for the companies.

Mining difficulty, a measure of computing power to create fresh tokens, reached a record high on Wednesday. The latest bi-weekly update is the last reading before the “halving” set to take place on or around April 20. That figure has jumped by nearly 600% since the last halving in 2020, according to data compiled by btc.com, while the rate of energy consumption is seeing a <-bsp-bb-link state="{"bbDocId":"S9GVXWDWRGG0","_id":"0000018e-cdad-d270-a18e-cdbd3f570000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">rapid rise over the ...