Hi HODLers,
Bitcoin difficulty was reduced by another 5%. The difficulty has been decreasing over the past 3 month after reaching a high point of 31.251 trillion back in May 2022.
Statista is showing the split in Bitcoin mining haspower:
- US represents 37.84%, followed by China at 21.11% and Kazakhstan at 13.22%.
Despite the current drop, Bitcoin contnues to operate as the most resilient and immutable blockchain network. Bitcoin is still the most secure network and other networks are not even close!
I also saw this very interesting tweet from Michael Saylor showing that Bitcoin is going greener and greener from an efficiency point of view AND type of energy being used to mine!
Great news to shut down the "ecological" argument.
Source: Bitcoin network difficulty drops to 27.693T as hash rate eyes recovery
Stay safe out there!