Bitcoin Mining Difficulty Sees First Decrease in 2 Months
The fall comes amid a drop in Bitcoin price which has hampered the profitability of the mining process. On-chain data shows that Bitcoin’s mining difficulty was lowered to 31.36 trillion hashes at a block height of 756,000. Despite this, the Bitcoin ecosystem is still guarded by the most secure blockchain network.
According to data from BTC.com, the Bitcoin mining difficulty adjustment decreased by approximately 2.3% on September 28th. The latest decline comes two weeks after the figures tapped an all-time high of 32.04 trillion hash after four consecutive increases. The price of the crypto-asset managed to surge past $20,000 yesterday, during which ensued a mass profit-taking session as certain sections of traders resorted to offloading their bags.
Source
t.me/Mining_Crypto_Miner
