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Bitcoin mining difficulty drops amid miner exodus
The Block·
Bitcoin's mining difficulty experienced a significant 7.76% decrease, reaching 133.79 trillion. This marks the second-largest negative adjustment of the year, triggered by average block times exceeding the 10-minute target. The network's hashrate has also declined from its previous peak, falling below 1 zetahash. This difficulty reduction follows a period of volatility, including a substantial drop in February attributed to weather disruptions. Current projections suggest a further decline in mining difficulty in the upcoming adjustment, indicating a continued trend of network recalibration.
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Tags
crypto
fintech
macro
Original Source
The Block — theblock.co