Quick Facts 1. This reduction in difficulty will bring it do | LibreCharts

Quick Facts

1. This reduction in difficulty will bring it down to where it was on January 9th, 2021 (almost exactly).

2. During that epoch, the network was able to mine blocks at an average of 9 minutes and 2 seconds (almost a full +10% ahead of the target time of 10 mins).

3. The average hashrate during that period was 147.46 Eh/s; that's -12.6% less than what the current average was for this epoch and that's only what's required if miners wanted to churn in 9 minute blocks

4. Basic math tells us that for the network to hit that target right at 10 minutes (and fall in line w the targeted probabilistic calculations), we would just reduce the hashrate for the Jan 9th, 2021 epoch by 10% (14.746), which means all we need is just 132.714 Eh/s to hit that 10-minute block time target (assuming the difficulty reduces down to 20.6T)

5. The caculated hashrate necessary to target 10 minute blocks at the 20.6T difficulty = 132.71400 Eh/s ; that would be an approximate -21%+ reduction from the average hashrate for this current epoch we're in

Hard to imagine that miners won't have a field day here