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Bitcoin Mining Difficulty Hits Lowest Level Since March As Price Tops $57K. #Bitcoin mining difficulty reportedly dropped by more than 5% on July 5 to a quarterly low of 79.50 terahashes per second (TH/s). Notably, this marks the largest reduction since March when it briefly dipped below 80 TH/s. A drop in mining difficulty signals a decrease in the number of miners competing to secure the network. Notably, this comes after an F2Pool report stated that only six mining machines remained profitable when #BTC’s price recently dropped below $56,000. #blockchain #fintech #ethereum https://lnkd.in/e9W746Ca
