Bitcoin Mining Difficulty Falls by Almost 6%

On Thursday, Bitcoin mining difficulty fell to 83.1 trillion, a decrease of 5.7%, making it the biggest negative adjustment in almost 18 months.

This dip in difficulty was recorded at block height 842,688, according to data from Bitbo. It is the most significant decrease since the bear market period, when the difficulty dropped by 7% on December 6, 2022, during the time when Bitcoin was trading for approximately $17,000.

Bitcoin mining difficulty is a metric that shows how difficult it is to mine a new block compared to the lowest difficulty possible.

This measure is automatically adjusted every 2016 blocks (around two weeks) to ensure an average block mining time of 10 minutes, regardless of the number of miners active in the system.

When there is an increase in the number of miners, the difficulty of mining Bitcoin also increases.