Bitcoin mining difficulty falls by 16%

As a result of the latest adjustment, the mining difficulty of the first cryptocurrency fell to 21.05 T. The BTC.com service forecasts a further drop of nearly 16% to 17.72 T.

Compared with the record high reached on May 13, mining difficulty fell by 16%.

For most of May, the Bitcoin network’s hashrate showed negative momentum.

The drop in hashrate began about a week before the news that China planned to take tough measures against cryptocurrency mining and trading.

Since the second half of May, the interval between blocks has consistently exceeded 10 minutes.

— noted отметил Wolfie Zhao from The Block.

Earlier in May, began cracking down on illegal mining. Recently sanctions were announced for illegal cryptocurrency mining activity.

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