Largest Difficulty Drop Since 2021

Largest Difficulty Drop Since 2021

Bitcoin mining difficulty decreased by 7.5%, the largest negative difficulty adjustment since the Chinese mining ban in 2021. The catalyst for this drop in difficulty? Summer heat leading to miner curtailments.

Watch the video below on the Blockware YouTube channel for more information.

Hashprice Hits Local High

As you likely know, a decrease in mining difficulty means that Bitcoin miners will earn more revenue on a per-terahash basis. Hashprice, which measures Miner Revenue per Terahash, is up to nearly $0.06/Th/Day. This is the highest level since February. Moreover, hashprice is up 23% on a year-over-year basis. Hash price will likely continue to rise over the coming 12 months as BTC price growth outpaces growth in mining difficulty.

Now is a great time to be a Bitcoin miner.

Price and Hashrate – How are They Connected?

It’s been nearly a year since we published our deep dive on Bitcoin price and hashrate. Fundamentally, the relationship between these two metrics determines how profitable Bitcoin miners will be within each halving epoch. If you believe price will continue to increase faster than hashrate, you should be mining Bitcoin – this will allow you to accumulate MORE Bitcoin than by purchasing it directly.

In this report we highlight the various factors that impact each of these metrics, historical growth rates, and future projected growth rates. Check it out!

https://mining.blockwaresolutions.com/report