As the hash rate increases, so does the target difficulty to successfully mine a valid block. The Bitcoin protocol automatically adjusts the difficulty to account for rising and falling hash rate on the network.

Presently, the average required number of hashes to mine a block is 338k exahash. This is the second largest difficulty throughout Bitcoin’s lifespan, highlighting the ever-growing competitiveness of the mining industry.

💥Exciting news, dear members! In response to Massive demand from our community, We are thrilled to announce a highly TA/FA based guaranteed 20X-50X Breakout Signal on MEXC exchange.

🗓️Date: 26-September-2024 Thursday
🕓Time: 4 PM GMT
Advantage: Free For All

- The breakout coin will be paired with USDT on the MEXC Spot Market, and set to skyrocket for massive 20X-50X gains🎯

- Make sure you have a MEXC account funded with USDT🚀

- The signal will be free for all, the signal will be given on all our telegram groups at the same time!

- The faster you buy the more profit you will make, buying early is the most important factor that will determine your profits🔥

- The coin will be exclusively released at 4 PM UTC Thursday, 26 September.

Stay Tuned!

Here's the Analysis of #IMX :

#IMX forming a Inverse Head and Shoulder Pattern which is a reversal pattern and had a breakout of the major resistance area of $1.67 - $1.71 which will act as major support. Price will act as the support zone are and move up towards the next resistance $2.01.

#BTC pin point precisely, tapped into the strong resistance now seeing minor sell-off happening. If candle closes into consoldiation again, then this will turn it into a fakeout and potential sells can favor.

#ARK gone into consoldiation and that will give a good setup. Keep an eye on breakout and build the position on that direction. Also, wait for at least H4 candle closure.

Mining revenue has declined since Bitcoin's price peak in March, mainly due to:

- Reduced fee pressure
- Lower demand for transfers
- Decreased fees from Runes and Inscriptions

Current miner revenue breakdown:

- Block subsidy: $824M (22% below ATH)
- Transaction fees: $20M

Total revenue remains relatively high with Bitcoin price above $55k, but is still below previous peak levels.

Here's the Analysis of #INJ :

#INJ rejected and again retesting the major resistance zone of $22.92 - $23.53 and following the trend channel pattern. Market structure still looks bullish and expected a break of the resistance sooner. Take long on breakout within a retest phrase.

#BTC standing strong and kept on getting rejection from strong resistance. Price again back inside the consoldiation range making it a fakeout now. Now only the daily candle closing can give more clarity.

#TOTAL2 MARKETCAP UPDATE :

#TOTAL2 moved up with the market conditions and we can see alts played in mid-term well. Currently, index hits the major resistance and kinda rejecting too. The trendline also there adding confluence to it. We can see short-term correction in the market now.

#ETH ANALYSIS :

#ETH is been bouncing off from the strong support zone of $2140 - $2170 and kinda in between a point of control area and nearby resistance too. A drop back to the support zone is expected or a breakout will lead the price to the upwards direction.

🚀 #BFLOKI/USDT Breakout Signal Skyrockets to Nearly 15X! 🚀

🔥 Our call on #BFLOKI took MEXC by storm, climbing the ‘Top Gainers’ list and hitting a massive peak of almost 15X (1300%)! 🔥

Hundreds of thousands of traders jumped on board, and those with quick reflexes and good internet locked in serious profits. 💸💨

We’re thrilled to see so many of you turn a huge profit on this signal! But if you missed this quick move, get ready for the upcoming mega 50X-100X pump signal—it’s going to be massive! 💥

Stay tuned for our next signal announcement—it’s going to be even bigger! 🚀📈 More gains are coming!

Declining miner revenues hint at potential income stress. While miners traditionally sold most mined coins to cover costs, they're now retaining some in treasuries. This shift is notable given miners' usual pro-cyclical behavior. Rising hash rates and difficulty are increasing production costs, potentially squeezing profitability. Miners now face a delicate balance between covering expenses and strategically holding Bitcoin, adapting to the evolving market dynamics.