Bitcoin miners caught a small break late Sunday evening (ET) after the network’s mining difficulty dropped 0.20% lower than the difficulty rating two weeks prior. The drop is the first mining difficulty decrease in four weeks, as the metric changed from 36.84 trillion to 36.76 trillion.
Bitcoin Miners Catch a Miniscule Break as the Network’s Difficulty Shrinks by 0.20%
Bitcoin’s mining difficulty is still extremely high in comparison to the height it was in mid-August 2022. For instance, on Aug. 17, 2022, just before the year’s third largest difficulty increase, the difficulty was around 28.35 trillion. At 36.76 trillion, data shows the difficulty increased by 29.66% since Aug. 17, which makes it more than 29% more difficult to find a bitcoin (BTC) block today than it was in mid-August.
While the 0.20% drop is a small decrease, it is still helpful to miners in contrast to the difficulty rising higher. At the time of writing, Bitcoin’s total hashrate is around 269.86 exahash p
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