Bitcoin faces one of its biggest mining difficulty drops as miner margins collapse

The Bitcoin network is poised to execute one of the largest downward adjustments to its mining difficulty in its 17-year history this weekend, a stark reflection of the severe margin compression forcing operators to take hardware offline. The automated recalibration,… The Bitcoin network is poised to execute one of the largest downward adjustments to its mining difficulty in its 17-year history this weekend, a stark reflection of the severe margin compression forcing operators to take hardware offline. The automated recalibration, scheduled to occur on June 13 at block height 953,568, is projected to slash the […] The post Bitcoin faces one of its biggest mining difficulty drops as miner margins collapse appeared first on CryptoSlate.