{"id":560479,"date":"2023-03-07T11:55:03","date_gmt":"2023-03-07T08:55:03","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/argo-increases-bitcoin-production-despite-btc-difficulty-growth\/"},"modified":"2023-03-07T11:55:03","modified_gmt":"2023-03-07T08:55:03","slug":"argo-increases-bitcoin-production-despite-btc-difficulty-growth","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/argo-increases-bitcoin-production-despite-btc-difficulty-growth\/","title":{"rendered":"# Argo increases Bitcoin production despite BTC difficulty growth"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a26230d9fa2f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a26230d9fa2f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/argo-increases-bitcoin-production-despite-btc-difficulty-growth\/#%E2%80%9D_Argo_increases_Bitcoin_production_despite_BTC_difficulty_growth_%E2%80%9C\" >&#8221; Argo increases Bitcoin production despite BTC difficulty growth &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Argo_increases_Bitcoin_production_despite_BTC_difficulty_growth_%E2%80%9C\"><\/span>&#8221; Argo increases Bitcoin production despite BTC difficulty growth &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-48054ca8>Publicly-listed Bitcoin (BTC) mining firm Argo Blockchain has increased its daily BTC production despite a significant spike in network difficulty.<\/p>\n<p>During the month of February, Argo mined a total of 162 of Bitcoin or BTC equivalents, translating to 5.7 BTC per day, the firm <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/argoblockchain.com\/news-room\/2023-february-operational-update\">announced<\/a> in an operational update on March 7.<\/p>\n<p>Argo\u2019s daily Bitcoin production rate in February surged 7% from 5.4 BTC per day produced in January, despite a 10% month-over-month increase in average network difficulty.<\/p>\n<p>Bitcoin mining difficulty is a measure defining how hard it is to mine a BTC block, with a higher difficulty requiring more hash rate, or additional computing power to verify transactions and mine new coins.<\/p>\n<p>According to data from Blockchain.com, BTC network difficulty has been surging to new all-time highs in February, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.blockchain.com\/explorer\/charts\/difficulty\">hitting<\/a> a difficulty rate of 43 trillion on Feb. 25.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/36fd3e6d-85b7-477e-a48f-efcb0453885d.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin difficulty historical chart. Source: Blockchain.com<\/em><\/figcaption><\/figure>\n<p>The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> comes amid the industry anticipating the next Bitcoin difficulty adjustment that is expected to occur on March 10. According to data from BTC.com, the next difficulty is estimated to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/explorer.btc.com\/btc\/insights-difficulty\">reach<\/a> 43.4 trillion.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Argo Blockchain accused of misleading investors in class-action lawsuit<\/em><\/strong><\/p>\n<p>As previously reported, Argo Blockchain sold its flagship mining facility Helios to Mike Novogratz\u2019s crypto investment firm Galaxy Digital amid the tough crypto market of 2022. Despite continuing to mine using Galaxy\u2019s facility, Argo <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>arently saw its BTC production slightly dropping in the aftermath of the sale. Months before the transaction, Argo\u2019s monthly BTC mining <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/argoblockchain.com\/news-room\/2022-october-operational-update-2\">generated<\/a> more than 200 BTC.<\/p>\n<p>Argo is not the only mining firm that seems to be unaffected by the BTC difficulty spike in February, with other miners like Cipher Mining <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/news-release\/2023\/03\/01\/2618733\/0\/en\/Cipher-Mining-Announces-February-2023-Operational-Update.html\">producing<\/a> 16% more Bitcoin in February over January. Marathon Digital also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ir.marathondh.com\/news-events\/press-releases\/detail\/1303\/marathon-digital-holdings-announces-bitcoin-production-and\">increased<\/a> their average Bitcoin produced per day by 10% compared to January.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/argo-increases-bitcoin-production-despite-btc-difficulty-growth\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Argo increases Bitcoin production despite BTC difficulty growth &#8220; Publicly-listed Bitcoin (BTC) mining firm Argo Blockchain has increased its daily BTC production despite a significant spike in network difficulty. During the month of February, Argo mined a total of 162 of Bitcoin or BTC equivalents, translating to 5.7 BTC per day, the firm announced&#8230;<\/p>\n","protected":false},"author":1,"featured_media":560480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/0b00de9a-2e73-4792-9646-86b1d3946ec1.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,74863,75462,117],"class_list":["post-560479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-cryptocurrencies","tag-hash-rate","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/560479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=560479"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/560479\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/560480"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=560479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=560479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=560479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}