#BTCMiningDifficultyDrops Bitcoin mining difficulty experienced a massive drop!
📉 In the latest adjustment, the difficulty level decreased by 11.16% to 125.86 trillion.
This is the largest negative correction recorded since the 2021 Chinese mining ban (and even one of the top 10 negative changes of all time).
What's happening?
Sharp drop in Bitcoin price (a serious decline from the October peak)
Power outages and shutdowns due to severe winter storms in the US
Hashrate dropping by approximately 20% in the last month
Hashprice (earnings per PH) collapsing from $70 to the $33-35 range
Result: