Bitcoin Mining Difficulty Drops A Historical 16% – Bitcoin Hashrate Down 45% – Why It’s A Good Thing
Against the backdrop of a market downturn over the past two weeks, Bitcoin’s key figures are also showing some of the largest declines in history..
According to the BTC.com pool, after the overnight adjustment, mining difficulty decreased by 16.09% from a record 16.55 trillion to 13.91 trillion. This indicator reflects the level of tasks proposed by the blockchain for closing new blocks, and its fall means care a significant part of miners. The reason for the shutdown of the equipment was depreciation of military-technical cooperation and profitability of its production.
Over the same period of time the hash rate dropped by 23.3% from 124.3 EH / s to 95.3 EH / s, and from the maximum on March 1 the decline exceeds 30%. A decrease in this indicator also confirms the outflow of computing power from the network and an increase in the average time of block closing..
However, due to the ease of mining in the next cycle and the departure of competitors, the remaining miners will be able to get more coins, and against the background of the recent increase in the MTC rate up to $ 6.6 thousand, even the classic Antminer S9 ASICs will start making a profit again. The latest equipment models, even during the collapse, continued to work in the profitability zone due to high efficiency..
Despite the crisis and recession, leading manufacturers of specialized microcircuits are striving to offer more advanced options on the eve of Bitcoin halving.
text: Ivan Malichenko, photo: kapital, charts: BTC.com, Blockchain.com