Bitcoin hashrate collapse, mining difficulty will be decreased for the first time since July-mining Bitcoin messages

The Bitcoin hashate has been volatile recently and followed the same patterns as the price of the crypto asset. Three days ago, the Hashrate from Bitcoin of the 180 Exahash (EH/S) zone approached, only sinking to 128 EH/s by two days later. The recent shifts have taken place before the upcoming adjustment of network difficulties, which is to be changed on Sunday. After nine climbs in a row and for the first time since mid -July, the level of difficulty drops down instead of climbing.

Bitcoin-Hashrates slides after drop in price-mining difficulty reduction expected

The Fiat value of Bitcoin ( btc ) led to the computing power of the network towards the end of November. Seven days ago, Bitcoin.com reported news about how Bitcoin's Hashrate has increased steadily in the past three months. Today, btc ’s hashate moves at 168 eh/s after you reached a high of 178 EH/s on November 24th. After reaching this high on Wednesday, the Hashrate fell to a low of 128 EH/s on Friday and lost 28% in 48 hours

The slowdown leads to the network difficulties remaining lower than usual and this Sunday decreases for the first time since July 17, 2021. After changing the difficulty in mid-July btc ’s difficulty has been increased nine times in a row.

It is now 52.48% more difficult to mine btc than 133 days ago on July 17th. The next change, which is to take place on Sunday in the early morning (EST), is expected to drop by -0.38 %. It's not much, but the mining difficulty will prevent your all-time high (ATH).

There have also been many changes in terms of the distribution of hashrates between the mining pools. Bitmins Antpool is today the largest Bitcoin miner with 16.79 % of the network or 26.15 EH/S Hashrates. Foundry USA is the second largest Bitcoin mining pool with 16.55% of the hashpower of the network or 25.77 EH/S. While F2Pool takes the third position with 15.33% of the hashpower or 23.87 EH/S, unknown hashrates or stealth miners master 13.14% of the Hashpower of the network or just over 20 EH/S.

The mining difficulty of Bitcoin recorded an ATH on May 13, 2021 when he reached 25.05 trillion. Today the network difficulty is 22.67 trillion and the decline should reduce it to 22.59 trillion by Sunday, November 28, 2021. The change of 0.38 % is tiny compared to most difficulty shifts, but it will keep the difficulty for another two weeks lower, D helpful for miners, during the price of BTC is much lower than two weeks ago. The difficulty of Bitcoin increased by 4.69% two weeks ago, four days later btc achieved an athrit price of 69,000 USD per unit.

What do you think of the upcoming difficulty reduction and the latest Hashrate campaign? Let us know your opinion on this topic in the comments below.

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