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Bitcoin Mining Difficulty Plummets 7.8% in Largest Drop since FTX Collapse
As Bitcoin’s mining difficulty drops significantly, miners may soon experience get relief, according to Coinwarz data. This decrease in computational power needed to validate transactions could signal a period of increased profitability for miners, particularly smaller ones that struggled after the recent halving event.
Bitcoin Mining Difficulty Falls to Pre-Halving Levels
On June 5, Bitcoin’s mining difficulty plummeted by 7.8%, dropping from 83.6 terahash per second (TH/s) to 79.50 TH/s, effectively returning to pre-halving levels and sparking hope for miners. The Bitcoin network automatically adjusts its difficulty every two weeks to maintain a consistent block generation time of around 10 minutes.
Photo: Coinwarz
The recent decline marks one of the steepest falls since the FTX collapse in December 2022, which triggered a downward spiral in Bitc
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