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Hashrate falls as BTC fails to break above $30K

Hashrate falls as BTC fails to break above $30K



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7 Comments

  1. tldr; The latest difficulty adjustment, effective at block height 737,856, reduced mining difficulty by 4.33%. This represents the fourth difficulty drop of the year, and the largest one since July 2021. With BTC failing to break above the $30,000 resistance, miners with tighter profit margins have started to turn off their miners.

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

  2. Another factor could also be the fact that it’s getting hotter in the northern hemisphere where a vast majority of miners are so electricity is getting more expensive.

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