Bitcoin mining difficulty fell by 2.14%. The network's hash rate went down by about 2.04%.
from a competitor in the span of 30 days, agreeing to provide that company with up to 30 megawatts of temporary hosting while it transfers miners to another location.
Mining difficulty refers to the complexity of the process behind mining, during which miners are repeatedly trying to find a hash below a set level. Miners that"discover" this hash win the reward for the next transaction block. The difficulty adjusts every 2,016 blocks or roughly every two weeks. © 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Catarina is a reporter for The Block based in New York City. Before joining the team, she covered local news at Patch.com and at the New York Daily News. She started her career in Lisbon, Portugal, where she worked for publications such as Público and Sábado.
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