Bitcoin Mining Difficulty Expected to Drop 9.55% as Hashrate Declines Following Price Drop
Summary
Bitcoin's mining difficulty is expected to drop by approximately 9.55% in the next adjustment cycle, following a decline in hashrate from 1 ZH/s to around 861 EH/s. The hashrate drop was triggered by Bitcoin's price falling to $60,000 and hashprice falling below $30/PH/s, which pressured miners with higher costs or less efficient equipment. The difficulty adjustment could increase bitcoin earned per unit of hashrate by over 9% and potentially push hashprice back above $30/PH/s if price and fees remain stable.
Source
bskyBitcoin Mining Difficulty Expected to Drop 9.55% as Hashrate Declines Following Price Dropbriefly.coKey quotes
· 3 pulledThe next Bitcoin difficulty adjustment is estimated to fall by about 9.55% in roughly eight hours, resetting computational work for the next two-week epoch.
Hashprice fell below $30 per petahash per second, pressuring operators with higher electricity costs or less efficient fleets.
The adjustment could lift bitcoin earned per unit of active hashrate by more than 9%, potentially pushing hashprice back above $30/PH/s if price and transaction fees stay stable.
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