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Snowfall Protocol Offering More Attractive Returns as Bitcoin Mining is at its Most Difficult

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Crypto mining allows miners to earn money in native crypto tokens by making blockchain infrastructure available for transactions to crypto users. Different cryptocurrencies reward their miners at different rates for their blockchain infrastructure. These rates vary with several factors like the number of users, transaction volumes, available tokens, etc.

On January 15, Bitcoin mining difficulty hit an all-time high of 37.73 trillion at block height 772,128. In other words, miners need 37.73 trillion hashes or attempts to find a valid bitcoin block reward. The previous all-time-high record was 36.76 trillion, which the crypto attained on November 6, 2022. What’s surprising this time around is that the mining difficulty not only hit a new high but did it by jumping 10.26% in a single day. This rise sits firmly on the same level as the October 10, 2022, mining difficulty rise when it shot up by a staggering 13.55% in a single day.

Snowfall Protocol (SNW) is an interoperability token that connects siloed blockchains and creates an internet of cryptocurrencies. While Snowfall Protocol (SNW) is yet to launch, it has already raised over $3 million in multiple presale phases. The Snowfall Protocol (SNW) token was originally distributed for $0.065 per token during the first presale event. By the time of stage 3 presale, Snowfall Protocol (SNW) hit $0.191. Given the high demand for the coin, analysts expect a sharp 5,000% increase in its price by mid-year. In its strongest sign of healthy growth, Snowfall Protocol (SNW) posted a 34% growth in value yesterday.

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