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26 July 2021

Bitcoin Mining Gets 5% Easier in Latest Difficulty Drop - Decrypt

Bitcoin Mining Gets 5% Easier in Latest Difficulty Drop - Decrypt


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Bitcoin Mining Gets 5% Easier in Latest Difficulty Drop.

To clarify: it’s easier to mine Bitcoin pretty muchanywhere but China, where it has become decidedlymoredifficult after the governmentcracked downon the industry, forcing miners out of the country and plummeting the hash rate. .

Between June 13 and July 3 this year, Bitcoin logged a 28% plunge in mining difficulty after a huge swathe of Chinese miners were taken offline.

While today’s hash rate of 101.6 EH/s is still 99 EH/s off the network’s former all-time high set on May 14 this year, it looks like Bitcoin miners have survived the worst.

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