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Bitcoin mining difficulty drops for the first time in 5 months

Bitcoin mining difficulty drops for the first time in 5 months



View Reddit by SantiFromTitanView Source

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4 Comments

  1. It’s because of the Bitcoin price paring it’s gains after the ATH. The ATH caused people to switch on their old S9s or what-have-you, and the hash rate slung way up, after which the difficulty increased and everybody started earning a lot less (ant pool payout for same exact hash rate dropped about 14% in the past couple months). The lower mining rates caused people to switch their old S9s back off, and here we are back again.

    It’s a stable system. I love Bitcoin mining, very entertaining. Got me an S9 and an S19.

  2. tldr; After 9 consecutive increases, mining difficulty has finally decreased. Difficulty fell 1.49% from 22.67T to 22.34T and stopped a 9-epoch long growing streak since July. The Bitcoin protocol automatically adjusts difficulty according to the total hashrate mining every 2,016 blocks.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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