Bitcoin Mining Difficulty Declines 5%, Sees Largest Negative Difficulty Adjustment in Over a Year

The Bitcoin mining difficulty just went through its largest negative readjustment in over a year, declining by over 5%. The hash rate has also decreased lately, which is somewhat normal given the fact that many miners have struggled lately.

Occurring roughly every two weeks (after 2,016 blocks), the mining difficulty either makes it harder or easier for miners to do their job. Essentially, it follows miners’ behavior and the hash rate’s latest movements and readjusts based on how many miners currently have their machines plugged in.

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