Two of the most important metrics for the overall state of the Bitcoin network have declined recently, including the mining difficulty, which experienced a substantial reduction during the weekend.
This comes amid reports that miners, the backbone of the world’s largest blockchain, continue to be under severe pressure due to the broader market state.
Mining Difficulty Down 10%
Upon creating Bitcoin’s blockchain, the anonymous dev behind it, Satoshi Nakamoto, incorporated a key measure that adjusts every roughly two weeks (2,016 blocks) to make it harder or easier for miners to do their job of maintaining a consistent block creation of approximately 10 minutes. In simpler terms, if there are too many miners, the mechanism increases the difficulty to prevent too-fast block creation, and vice versa.
The latest adjustment took place earlier today. Data from on-chain monitoring sources shows that the difficulty dropped by just over 10%, meaning that there are fewer miners operating on t
We współpracy z: https://cryptopotato.com/bitcoin-mining-difficulty-drops-10-as-pressure-on-miners-grows/
