According to data provided mining pool BTC.com, Bitcoin’s mining difficulty has reached a staggering 11.89 trillion. Meanwhile, the coin’s hash rate has increased to nearly 90 EH/s.
The two metrics, which are imperative for determining the current state of the industry, have spiked by more than 60 percent since July.
Coindesk’s Wolfie Zhao has estimated that around 600,000 ASIC miners have joined the Bitcoin network since mid-June. That essentially proves that Bitcoin mining is alive and kicking.
As reported by U.Today, even older miners, such as Antminer S9, are still able to turn a profit for their owners at current BTC prices. Bitmain recently released two super-powerful models, the first batch of which will be delivered in November.
Earlier, Bitcoin evangelist Max Keiser predicted that the Bitcoin price would follow the network’s hash rate.