Bitcoin’s mining difficulty was adjusted lower by 1.31% to 127.48T on Aug. 23 at block height 963648, according to data from CloverPool, formerly Bitcoin.com. The latest change came as the network’s seven-day average hash rate stood at 903.96 EH/s.
Bitcoin automatically recalibrates mining difficulty every 2,016 blocks, or roughly once every two weeks, to keep average block production close to 10 minutes. This latest downward adjustment points to a recent pullback in network hash rate.
The update offers a fresh snapshot of mining conditions on the Bitcoin network, with both difficulty and hash rate remaining key indicators for miner activity and network competition.
Bitcoin mining difficulty was lowered by 1.31% to 127.48T on Aug. 23 at block height 963648, according to data from CloverPool, formerly Bitcoin.com.
The network’s average hash rate over the past seven days was 903.96 EH/s.
Bitcoin adjusts mining difficulty automatically every 2,016 blocks, or about once every two weeks, to keep average block time near 10 minutes. The latest decrease reflects a recent decline in network hash rate.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
