Bitcoin mining difficulty drops 10% in 11th largest downward adjustment

Bitcoin mining difficulty drops 10% in 11th largest downward adjustment

Bitcoin mining difficulty drops 10% in 11th largest downward adjustment

Bitcoin mining difficulty has undergone its second-largest downward difficulty adjustment this year, following February’s 11% shift.

Bitcoin mining difficulty dropped by 10.09% on Sunday, marking the blockchain’s 11th-largest downward adjustment and easing some of the pressure on miners.

Galaxy Research said that mining difficulty fell from 138.96 trillion to 124.93 trillion at block 953,568 on Sunday, the second biggest drop of 2026 and a 20% decrease from its peak in November.

The price of Bitcoin (BTC) has fallen by around 15% so far in June, which has “squeezed miner margins,” Galaxy said. It added that the epoch, the time between when mining difficulty is adjusted, ran for 15.6 days, above the typical 14 days, as hashrate came offline.

Read more

If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.

If you want to read more News articles, you can visit our General category.

Source

Leave a Reply

Your email address will not be published. Required fields are marked *