Summary
- Bitcoin (BTC) mining difficulty has decreased, and hashrate competition is expected to ease.
- It was reported that mining companies are attempting to diversify following the first downward adjustment since September last year.
- The decrease in pre-orders for mining equipment suggests that the rate of increase in hashrate is expected to slow down.
According to Cointelegraph, a cryptocurrency-focused media outlet, Bitcoin (BTC) mining hashrate competition is expected to ease. On the 30th (local time), BTC mining difficulty recorded a decrease of 2.12% from the previous figure on January 27, reaching 108.11T, marking the first downward adjustment since September last year. The media stated, "Mining companies attempted to diversify their operations into areas such as artificial intelligence (AI) and high-performance data centers to offset the reduction in mining profits after the 2024 halving." It further explained, "Considering the decline in mining difficulty and the decrease in pre-orders for mining equipment, the rate of increase in hashrate is expected to slow down." 
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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