Bitcoin Mining Difficulty Decreases by 3.34%

On May 4, following the latest recalibration, the difficulty of mining the leading cryptocurrency fell by 3.34% to 119.18 T.

The average hash rate was 885.12 EH/s.

According to Glassnode, as of May 4, the smoothed 7-day moving average reached 886 EH/s.

Data from Hashrate Index indicates that after the reduction in mining difficulty, the hash price rose to over $50 per PH per day.

Back in April, the Planning Commission of Vilonia, Arkansas, unanimously rejected a proposal to establish a cryptocurrency mining facility in the area.