Bitcoin’s Price Drop and the Network’s Higher Difficulty Squeezes BTC Mining Profits – Mining Bitcoin News

Bitcoin’s Price Drop and the Network’s Higher Difficulty Squeezes BTC Mining Profits – Mining Bitcoin News

After Bitcoin’s mining difficulty jumped to the highest value ever at 26.64 trillion, the overall hashrate slumped a hair due to the rise in difficulty and lower bitcoin price. This weekend, Bitcoin’s hashrate is coasting along at 189 exahash per second (EH/s), after dropping to a low of 167 EH/s three days ago. The lower price and difficulty rise has put a squeeze on bitcoin mining profits.

Mining Difficulty Makes Block Rewards Harder to Find, Bitcoin’s Lower Price Makes It…


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