The post Bitcoin Miner Relief Incoming: Difficulty Drops 2.6% Sunday appeared on BitcoinEthereumNews.com.

On-chain data shows the Bitcoin miners will have an easier time starting Sunday as the network Difficulty is set to see a correction. Bitcoin Mining Difficulty Will Drop In Upcoming Adjustment The “Difficulty” refers to a feature built into the Bitcoin blockchain that controls how hard the miners would find it to mine a block on the network. The metric’s value changes about every two weeks in events known as adjustments. Adjustments are entirely controlled by the cryptocurrency’s code, meaning no human gets to decide how the Difficulty should change in any such event. Satoshi wrote in one simple guideline for the network to follow when performing adjustments: the block time, the average amount of time miners take to mine a block, must stay constant at 10 mins. This means that whenever the miners mine at a rate faster than this standard, the blockchain responds with an increase in Difficulty in the next adjustment. Similarly, it makes mining easier if miners are taking more than 10 mins per block. Now, here is what data from CoinWarz says regarding how the Bitcoin network stats have been looking heading into the next adjustment, which is set to go live this Sunday: Looks like the chain has been performing slower than intended recently | Source: CoinWarz As is visible above, the Bitcoin block time has averaged at 10.27 minutes since the last adjustment, meaning the miners have been slower than what the blockchain requires. In order to get the chain validators back up to speed, BTC will decrease its Difficulty by around 2.6%. Note that this value is only an expectation based on the block time so far; the real value might be different depending on how the miners perform over the next two days. These last two weeks the miners have had…

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Filed under: News - @ February 22, 2025 7:11 pm