Bitcoin Hashrate Drops 15% as Miner Profitability Declines
The network’s mining difficulty is expected to fall 4% on Jan. 22, marking seven negative adjustments in eight periods amid continued miner capitulation.
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Terms & Concepts
Hashrate: The total computational power used by Bitcoin miners to process transactions and secure the network.
Mining difficulty: A measure of how hard it is to find a new block, adjusted periodically based on network hashrate.
Miner capitulation: A situation where miners stop operations due to low profitability.