Bitcoin Mining Difficulty Falls 9.13%, Biggest Drop Since June
Uk Jin
Summary
- Bitcoin (BTC) weakened, and its mining difficulty fell by more than 9%.
- Bitcoin mining difficulty was adjusted down 9.13% to 134.82T from 148.36T, marking the biggest drop in about five months since June 14.
- Bitcoin mining difficulty is adjusted roughly every two weeks and changes with shifts in the network’s total computing power (hash rate).
Forecast Trend Report by Period
Bitcoin’s weakness has driven its mining difficulty down by more than 9%.
Odaily reported on Nov. 14 that Bitcoin mining difficulty was lowered 9.13% to 134.82T from 148.36T.
It was the biggest decline in about five months, since a 10.09% drop recorded on June 14.
Bitcoin mining difficulty had previously risen 5.92% and 5.54% on Oct. 16 and Oct. 29, respectively.
Bitcoin mining difficulty is adjusted roughly every two weeks and changes according to shifts in the network’s total computing power, or hash rate. When more computing power joins the network, difficulty rises. When computing power declines, difficulty falls.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.