The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
The hash rate of Bitcoin, which measures the computational power used in mining, has dropped by 8% from its all-time high. This decline in hash rate has coincided with a decrease in the difficulty adjustment, which provides some relief for miners who have been dealing with six consecutive positive adjustments. Currently, the difficulty level stands at 67.31T, and there is only one adjustment left for the year. So far, there have been 7 negative adjustments and 19 positive ones in 2023. It remains to be seen whether the final adjustment will tip the scale towards 20 positive adjustments for the year.