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Bitcoin (BTC) Miners Bring Down Difficulty Before Going on Another Spree

Published 11/11/2019, 07:56 AM
Updated 11/11/2019, 09:01 AM
Bitcoin (BTC) Miners Bring Down Difficulty Before Going on Another Spree

Bitcoin (BTC) Miners Bring Down Difficulty Before Going on Another Spree

Miners pushed the brakes for Bitcoin (BTC) hashing activity, but just enough to see difficulty readjust downward by 7%, the biggest readjustment since December 2018. But this time, the factors behind the difficulty drop are different.

Back in 2018, mining reached lows around 30 TH/s, and the difficulty adjusted downward several times in a row. Inversely, mining only grew in 2019, reaching a peak based on some reports at above 120 EH/s.

As d...

This article appeared first on Cryptovest

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