Crypto Blog
The Bitcoin network’s mining difficulty has experienced its largest negative adjustment since December 2022, when the bear market was in full gear.from the real-time Bitcoin dashboard Bitbo, the mining difficulty fell 5.7% to 83.1 trillion on Thursday at block height 842,688.Bitcoin’s mining difficulty measures how tough and time-consuming it is to produce a new block.
The last time Bitcoin witnessed a negative adjustment similar to the one it recorded today was 18 months ago when BTC’s price stood at $17,000. At the time of writing, BTC wastwo days ago that the Bitcoin mining difficulty was on course to see its largest drop since the implosion of the bankrupt crypto exchange FTX. This was due to the 10% decline in the Bitcoin network hash rate. However, Bitget said on-chain data suggested that the mining difficulty would plummet by just 4%.
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