The Bitcoin network’s mining difficulty has experienced its largest negative adjustment since December 2022, when the bear market was in full gear.
According to data from the real-time Bitcoin dashboard Bitbo, the mining difficulty fell 5.7% to 83.1 trillion on Thursday at block height 842,688.
Bitcoin Mining Difficulty Negatively Adjusts
Bitcoin’s mining difficulty measures how tough and time-consuming it is to produce a new block. The difficulty rises when the number of active miners increases and falls when it decreases, easing the mining process for other miners.
The mining difficulty automatically adjusts after every 2,016 blocks, which is roughly every two weeks, to ensure that a new block is produced every 10 minutes on average, notwithstanding the number of active miners.
The last time Bitcoin witnessed a negative adjustment similar to the one it recorded today was 18 months ago when BTC’s price stood at $17,000. At the time of writing, BTC was changing hands at $61,700.
We współpracy z: https://cryptopotato.com/bitcoin-mining-difficulty-sees-largest-plunge-since-december-2022/
