Editor's PiCK
Bitcoin mining difficulty plunges 11.16%… biggest drop since China’s mining ban in 2021
Minseung Kang
Summary
- Bitcoin (BTC) mining difficulty fell by a double-digit percentage, signaling a change in the mining environment, it said.
- Bitcoin mining difficulty fell 11.16%, marking the largest downward adjustment since China’s mining ban in July 2021, it said.
- The latest difficulty drop is interpreted as reflecting a decline in the network hashrate, it said.
Bitcoin (BTC) mining difficulty fell by a double-digit percentage, signaling a shift in the mining environment.
On-chain analytics account Solid Intel said on X (formerly Twitter) on the 7th that “Bitcoin mining difficulty fell 11.16%,” adding that “this marks the largest downward adjustment since China’s mining ban in July 2021.”
The decline in difficulty is interpreted as reflecting a drop in the network hashrate.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
