Difficulty Of BTC Mining Reduced By 6%
The complexity of mining the first cryptocurrency significantly decreased, it fell by 6% after halving. As of the time of this writing, it is 15.13 T.
After the halving, some miners had to turn their equipment off, as this became unprofitable. Although with the current numbers, they can connect to the network and continue to work again.
#Bitcoin difficulty just decreased by 6%.
This adjustment was expected and accounts for the recent decline in hash rate after the halving.
This is only the third downwards difficulty adjustment in 2020 so far.
Chart: https://t.co/zi1xUth1OC pic.twitter.com/OUluH8Mvkb
— glassnode (@glassnode) May 20, 2020
From the information provided by the BTC.com, this indicator can fall by more than 6% after the next calculation of complexity.