On Tuesday, September 5, 2023, Bitcoin’s mining difficulty experienced a 2.65% dip at block height 806,400, offering a slight reprieve for miners. This marks the first decline since July 26, when a 2.94% slide was recorded at block height 802,368.
Bitcoin Miners See Relief With 2.65% Difficulty Drop and Rising Hash Price
As of Tuesday evening, bitcoin (BTC) miners are finding the going a tad smoother. The network’s mining difficulty decreased by 2.65% on Tuesday evening at block height 806,400. This adjustment comes after the difficulty peaked at an impressive 55.62 trillion, holding steady for 2,016 blocks, or roughly two weeks.
Post-decline, the difficulty now stands at 54.15 trillion. Over the past 2,016 blocks, the network’s hashrate averaged a robust 386.2 exahash per second (EH/s). Currently, the global hashrate hovers around 400 EH/s, translating to a staggering 400,000,000 terahash per second (TH/s). Bitcoin enthusiasts are eyeing September 20, 2023, as the date for the n
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