As Bitcoin miners drop off the network due to the crackdown in China, the algorithm adjusts mining difficulty down 28% to make the process more profitable (MacKenzie Sigalos/CNBC) –

MacKenzie Sigalos / CNBC:
As Bitcoin miners drop off the network due to the crackdown in China, the algorithm adjusts mining difficulty down 28% to make the process more profitable  —  – More than 54% of bitcoin’s hashrate, which is the collective computing power of miners worldwide, has dropped off the network since its market peak in May.

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