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Showing results for tags 'bitcoin hash rate'.
Bitcoin's mining difficulty is poised to see its largest drop ever in an upcoming adjustment. Multiple on-chain data sites estimate that the mining difficulty will see a plunge of around 21% in its upcoming adjustment that is set to happen at the block height 689,472. The difficulty and hash rate plunge reflect the magnitude of China’s mining farm shutdown orders this month. This is not bad or good. This is just how bitcoin is supposed to function. It also reduces energy expenditure.