According to BTC.com, Bitcoin’s mining difficulty went down by 3.59% in Asia early Tuesday, Coordinated Universal Time (UTC). Some United States-based Bitcoin mining organizations and miners shut down due to heavy winter storms during the holiday season. The cash shortage issue continued as an outcome of low Bitcoin prices and high energy consumption costs.
Currently, difficulty reading is at 34.09 trillion at 770,112 block height on January 3rd. Data shows that the Bitcoin mining difficulty reading was 40% higher than last year’s reading on January 8, when the difficulty reading was 24.37 trillion.
Blizzards in America affect Bitcoin mining
Amid crypto winter, America has now begun experiencing the winter season, an unusually harsh one. The United States and Canada are experiencing Arctic Storms. As per weather reports, temperature is around -50°F (-45°C) in the western U.S. state of Montana while the western state of New York is covered with 43 inches of snowfall.
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