Is The Largest Difficulty Adjustment In Bitcoin’s History Incoming?
The below is an excerpt from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter.
At the time of writing, Bitcoin is expected to have a -20.8% difficulty adjustment, with 651 blocks to go.
As covered in previous Daily Dives, hash rate has declined at a historic rate following the mining bans in China.
Mine revenues have decreased by 64.5% from the all-time high of $67,434,000 per day made on May 10.