Bitcoin Hashrate Declines 15% Amid Miner Capitulation, Difficulty Adjusts
The Bitcoin hashrate has experienced a 15% drop from its October high, signaling continued miner capitulation. This decline has persisted for almost 60 days. In response to these changes in mining activity, the Bitcoin network is set for a 4% decrease in mining difficulty. This adjustment marks the seventh negative adjustment out of the last eight, reflecting the network's ongoing efforts to maintain consistent block times amid fluctuating hashrate and miner participation.
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