Bitcoin Mining Difficulty Drops 3.26%: What Does This Mean for Miners?

By Benito Cormi Jun 29, 2023107Views

, , ,

Bitcoin mining has become 3.26% easier as the difficulty level decreased on June 28. This adjustment was unexpected, as it was anticipated to increase due to higher hashrates and faster block intervals. However, a decrease in hashrate and slower block intervals caused the difficulty to drop. The total hashrate has even dipped below 300 exahash per second twice in the past two weeks. The upcoming difficulty retarget is scheduled for July 13. The block interval time is currently longer than the usual ten-minute average, indicating that another decrease may occur on July 13. Foundry USA is the leading mining pool, contributing 117.21 EH/s, followed by Antpool, F2pool, Binance Pool, Viabtc, Luxor, and SBI Crypto. Currently, 41 mining pools are dedicating hashrate to the Bitcoin network.

Continue reading on Bitcoin.com

Read Disclaimer

This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.

Tags:

Benito Cormi

Benito Cormi, the brilliant crypto analyst who has made waves in the world of cryptocurrency. With his razor-sharp analytical skills and deep understanding of the digital asset landscape, Benito has become a trusted figure in the industry and remains at the forefront, tirelessly researching and analyzing market trends to help individuals and businesses make informed decisions in this dynamic landscape.

June 29, 2023

AlloyX unveils DeFi asset vault following $2 million pre-seed round

June 29, 2023

Mastercards Crypto Focus Amplifies: Upcoming Launch of Multi Token Network (MNT) Product