The latest figures reveal that on Dec. 9, 2023, at block height 820,512, Bitcoin experienced a 0.96% decrease in its difficulty rating. This decline marks the first since Sept. 19, 2023, interrupting a streak of six successive difficulty hikes. Concurrently, Bitcoin’s total hashrate has shown a downward trend over the last six days.
Bitcoin Hashrate Declines Amidst First Difficulty Decrease Since Early Fall
For the first occasion in the past six adjustments, Bitcoin’s difficulty experienced a 0.96% reduction at block height 820,512. The current difficulty stands at 67.31 trillion and will remain so for the forthcoming 12 days, until Dec. 23, 2023. Although this decrease is beneficial for miners, simplifying the process of finding a block reward by 0.96%, it hasn’t led to an increase in the hashrate.
Contrarily, the hashrate began its decline a few days prior to the recent adjustment. On Dec. 4, 2023, the seven-day average hashrate was at 507 exahash per second (EH/s). As per the
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