Bitcoin’s Mining Difficulty Stagnates as Coronavirus Outbreak Delays New Equipment
A key measure of competition among bitcoin miners has stagnated in the past two weeks as the coronavirus outbreak disrupts economic activity in China.
Mining Difficulty
Bitcoin's mining difficulty just recorded its largest percentage decrease since the advent of ASIC mining machines in late 2012.
Bitcoin's mining "difficulty" just fell 6%, giving small-scale miners a reprieve. But this is only a small dip before an even steeper ascent.
Mining difficulty passed 20 trillion Saturday morning.
Bitcoin mining is set to get easier, as the network undergoes an expected difficulty adjustment on Tuesday – the first since last week's reward halving.
Bitcoin mining difficulty increased to 16.10 trillion (T) on Tuesday, close to the network’s all-time high of 16.55T recorded in March.
