Bitcoin mining difficulty has dropped significantly.

On June 5, 2024, Bitcoin mining difficulty dropped significantly, falling by 7.8%. This is the largest adjustment since the collapse of the FTX exchange in 2022, and the difficulty level has returned to the level before the block reward halving in April. In a period of increasing challenges for the industry, this adjustment may bring new opportunities for small miners and mining pools and improve their profitability.

Understand the drop in mining difficulty.

According to data from Bitcoin Mining, Bitcoin's mining difficulty has dropped from 83.6 terahashes per second (TH/s) to 79.5 TH/s, a number last recorded in March. Terahertz quantifies the number of hashes that a mining device or network can generate per second. This decrease suggests that many miners have turned off their equipment due to reduced profitability, thereby reducing the hash rate of the entire network. This trend reflects what happened after the FTX crash and indicates a major shift in the mining landscape.

Impact on miners!

The block reward halving in April had a profound impact on miners, causing their daily revenue to drop sharply from $78 million to $26 million. Financial pressure has forced some miners to suspend operations. However, the recent decline in mining difficulty has brought a glimmer of hope to those miners who are still active. It aligns the network's hash power with a lower profitability environment, which may alleviate operational pressure to some extent.

Wider impact on mining operations

#美国大选如何影响加密产业？ #德国政府转移比特币 #BTC #ETH #sol

At present, the bull market is surging, and we have password sharing almost every day.

Again, the bull market does not know what to do, click on my avatar, pay attention, bull market spot planning, contract password, free sharing.

I need fans, you need reference. It is better to pay attention than to guess.