Bitcoin Mining Just Got a Whole Lot Easier…For Now
July 12, 2021 at 15:00 PM EDT
On Saturday July 3rd the Bitcoin algorithm adjusted to account for the massive number of Chinese miners currently offline. Mining difficulty nosedived by 28%. This is after difficulty had dropped by 16% on May 29th and 5% on June 13th. The decrease in difficulty of mining new Bitcoins is directly...