World's largest crypto currency Bitcoin just hit a new mining difficulty level as demand skyrocketed
According to reports Bitcoin mining difficulty level just hit a new all time high
This happened for the second time this month due to raise in raising hash rate
Bitcoin hash rate is at a high level that is making mining Bitcoin harder than ever
According to data by bitinfocharts mining difficulty reach 20.6 trillion making the biggest spike in four months
Difficulty is the level of resources needed to mine bitcoin this value either increase or decrease after 2016 blocks
The mining difficulty increase came after china based miners facing setbacks caused by global lack of mining chips
This resulted unprecedented prices of mining equipment in china and prices of equipment doubled within matter of months
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