If you are a miner, things just got more difficult!

The mining difficulty is now at levels not seen since...

Ever!

(Source:

https://twitter.com/btcmrkts/status/1134474198695514112

- btcmrkts

What does this mean?

It is getting more and more expensive to mine bitcoin, which is probably a good thing.

Though it depends on how you look at it.

I am of the opinion the ideal situation is where miners can only eek out a very small profit for mining.

Otherwise I feel like they would be dumping heavily to lock in profits.