Bitcoin's network difficulty level took a dip, dropping by 1.45% and bringing the overall difficulty down to 48.01 trillion.
Bitcoin Miners Breathe a Sigh of Relief as Difficulty Drops 1.45% After Five Consecutive Increases
Bitcoin’s network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge. However, on May 4, 2023, at block height 788,256, the network difficulty level took a dip, dropping by 1.45% and bringing the overall difficulty down to 48.01 trillion for the next two weeks.Bitcoin’s difficulty level finally dropped on May 4, 2023, after increasing five times since the February 24 increase of 9.95%.
. The change occurred at Bitcoin block height 788,256. At the time of writing, the network’s hashrate is 355.90 exahash per second .all-time high of 491 EH/s at block height 787,895. But with the next difficulty adjustment just around the corner on May 18, 2023, and less than 2,000 blocks away, miners are bracing themselves for what’s to come. While the recent downward difficulty drop has given them some much-needed relief, current block times are still hovering above the ten-minute average. In fact, the last block interval was a lengthy ten minutes and 49 seconds.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin miners earned $50B from BTC block rewards, fees since 2010Bitcoin miners have profited $14 billion from mining BTC over the years, Glassnode estimates suggest.
Read more »
Stronghold Digital to Add 400 PH/s Capacity Via 4K Bitcoin Miners From Canaan Subsidiary.SDIGigital is to add 400 PH/s of capacity by hosting 4,000 mining machines supplied by Cantaloupe Digital, a subsidiary of rig maker canaanio. By JamieCrawleyCD
Read more »
Man dead after leading Houston police on miles-long chase on I-45Police are investigating an in-custody death that happened after a miles-long chase on the North Freeway, officials say.
Read more »
Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet – Bitcoin NewsFormer CTO at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by mid-June.
Read more »
BRC20 Token Standard Sparks Frenzy in Bitcoin Community With Market Cap Surpassing $95 Million – Bitcoin NewsThe Bitcoin community is abuzz with conversations surrounding the BRC20 token standard as it garnered substantial attention in the past week.
Read more »
Feds charge 45 people in takedown of 2 Minneapolis gangsFederal authorities have announced racketeering and other charges against 45 members or associates of two major Minneapolis street gangs for crimes including seven homicides, plus numerous drug trafficking and firearms violations
Read more »