Bitcoin’s Price Drop and the Network’s Higher Difficulty Squeezes BTC Mining ...

Bitcoin’s Price Drop and the Network’s Higher Difficulty Squeezes BTC Mining ...

After Bitcoin’s mining difficulty jumped to the highest value ever at 26.64 trillion, the overall hashrate slumped a hair due to the rise in difficulty and lower bitcoin price. This weekend, Bitcoin’s hashrate is coasting along at 189 exahash per second (EH/s), after dropping to a low of 167 EH/s three days ago. The lower price and difficulty rise has put a squeeze on bitcoin mining profits. Mining Difficulty Makes Block Rewards Harder to Find, Bitcoin’s Lower Price Makes It Less Profitable for Miners Bitcoin’s hashrate remains high after the network....


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After a major difficulty adjustment rise, hash price heads for new lows as miners’ profitability gets squeezed.