Bitcoin Mining Difficulty Is Plummeting—Here’s Why
A drop in the price of Bitcoin coupled with reduced mining rewards means fewer miners and a less robust network—for now, at least. Bitcoin just got much easier to mine—should we be worried? Data from BTC.com shows that Bitcoin mining difficulty plunged nearly 6% to 83.1 trillion hashes yesterday. The higher the mining difficulty—measured through the energy and resources that miners use to keep the network...