In the latest adjustment on Saturday, July 17, has dropped by another ~5% in its fourth consecutive drop. The previous adjustment saw the highest drop in percentage terms dropping 28% a fortnight back. With the latest drop, the Bitcoin mining difficulty has had a new low since January 2020.
Courtesy: BTC.com
This drop comes as a lot of Chinese miners have been leaving the Bitcoin network over the last few weeks. Fewer people mining the Bitcoin blocks means fewer blocks getting added to the BTC blockchain. As per the data, the current mining interval is 10 minutes.
Interestingly, the drop in Bitcoin mining difficulty also means that a lot more cash is going to Bitcoin miners who remain online. Speaking to CNBC during the last difficulty adjustment, bitcoin mining engineer Brandon Arvanaghi told the publication.
“This will be a revenue party for miners. They suddenly own a meaningfully larger piece of the pie, meaning they earn more bitcoin every day.”
Bitcoin Hashrate Picks Up
On th
Źródło: https://coingape.com/bitcoin-btc-mining-difficulty-drops-another-5-but-hashrate-picks-up/
