Bitcoin Mining Hits Breaking Point as Difficulty Plunges 9.13%
As bitcoin prices tumbled to an intraday low of $61,947, mining revenue deteriorated to exceptionally depressed levels, with hashprice languishing between $28 and $30 per petahash per second (PH/s) of daily output. Meanwhile, Bitcoin’s mining difficulty declined 9.13% at block height 975744, marking the network’s 23rd difficulty adjustment epoch of the year. Why Did Bitcoin’s […]
