Bitcoin mining difficulty drops by 6%, lowest since December 2022
Bitcoin mining difficulty has dropped to its lowest level since December 2022.
According to BTC.com, on May 9, the difficulty of mining Bitcoin (BTC) fell by 5.63% to 83.15 T. The same value was during the 2022 bear market phase due to a series of bankruptcies, including the collapse of Terra and FTX.
Since the previous change in value, the average hashrate over an approximately two-week period was 595 EH/s versus 630 EH/s, indicating the possible shutdown of equipment by miners, the operation of which became unprofitable after the most recent Bitcoin halving.
The indicator’s next change will occur on May 23. The predicted value is a drawdown of 0.19%.
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