It was a week of extremes for bitcoin enthusiasts; the cryptocurrency rose 12% in the past seven days, and the network hash rate hit an all-time high. Another key metric this week showed it’s increasingly difficult to make money in the mining business. As bitcoin becomes more of an established and even mainstream part of the economy, the days of simple money appear to be in the rearview mirror.
It was a week of extremes for bitcoin enthusiasts; the cryptocurrency rose 12% in the past seven days, and the network hash rate hit an all-time high. Another key metric this week showed it’s increasingly difficult to make money in the mining business. As bitcoin becomes more of an established and even mainstream part of the economy, the days of simple money appear to be in the rearview mirror.