Bitcoin's mining difficulty set for largest single drop of 2022
The adjustment is projected to happen in the early hours of next Tuesday and could be between -8% and -7%, according to most estimates. Luxor placed it at -7.98%, Braiins at -7.9% and Bitrawr between -7.9% and -7.5%, at the time of publication.
Those numbers are subject to change over the next few days, depending on how many machines go on and offline, but still paint a pretty clear picture of the current state of the mining economics. The industry has seen margins plunge due to rising power costs and declining bitcoin prices. And some companies are cash-strapped and buried in debt.
Source
t.me/Mining_Crypto_Miner
