Bitcoin mining difficulty experienced a massive drop! 📉 In the latest adjustment, the difficulty level decreased by 11.16% to 125.86 trillion. This is the largest negative correction recorded since the 2021 Chinese mining ban (and even one of the top 10 negative changes of all time). What's happening? Sharp drop in Bitcoin price (a serious decline from the October peak) Power outages and shutdowns due to severe winter storms in the US Hashrate dropping by approximately 20% in the last month Hashprice (earnings per PH) collapsing from $70 to the $33-35 range Result: High-cost and inefficient miners are being removed from the network (capitulation), weak players are being eliminated. This creates a breathing space for the remaining efficient miners because finding blocks has become easier. Network security is still solid because the difficulty is designed to automatically balance itself. The next adjustment is expected in about 10 days (around February 19-20), and based on current trends, an increase is anticipated. Do you think this shakeout will make the sector healthier, or will more miners give up before the price recovers? I await your opinions!
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#BTCMiningDifficultyDrops
Bitcoin mining difficulty experienced a massive drop!
📉 In the latest adjustment, the difficulty level decreased by 11.16% to 125.86 trillion.
This is the largest negative correction recorded since the 2021 Chinese mining ban (and even one of the top 10 negative changes of all time).
What's happening?
Sharp drop in Bitcoin price (a serious decline from the October peak)
Power outages and shutdowns due to severe winter storms in the US
Hashrate dropping by approximately 20% in the last month
Hashprice (earnings per PH) collapsing from $70 to the $33-35 range
Result: High-cost and inefficient miners are being removed from the network (capitulation), weak players are being eliminated. This creates a breathing space for the remaining efficient miners because finding blocks has become easier. Network security is still solid because the difficulty is designed to automatically balance itself. The next adjustment is expected in about 10 days (around February 19-20), and based on current trends, an increase is anticipated. Do you think this shakeout will make the sector healthier, or will more miners give up before the price recovers? I await your opinions!