Bitcoin Mining Difficulty Decreased

This decline in Bitcoin mining has canceled out the previous increase after the difficulty recalculation in December.

During the last recalculation on January 3, mining difficulty adjusted by 3.6%, to 34.1 T. This is evidenced by data.

The decrease in mining difficulty was mainly due to deteriorating weather conditions in the US and a winter storm, which caused equipment shutdowns in Texas and other US states.

Despite a short-term correction, the difficulty level is still 40% higher than last year (24.4 T). The computing power of the Bitcoin network continues to grow, even despite a significant decline in its fiat value (by 65%) over the past year.

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