Bitcoin’s hashrate has declined by approximately 20%, triggering the largest difficulty adjustment since 2021 and increasing rewards for the remaining miners. This significant drop in hashrate is leading to weaker operators exiting the market, which allows more efficient miners to capture a larger share of the rewards. Bitcoin’s protocol is designed to automatically adjust mining difficulty every 2016 blocks to maintain its average 10-minute block interval, ensuring consistent block production and enhancing the network’s security against miner participation fluctuations.
Bitcoin’s hashrate drops 20%, prompting largest difficulty adjustment since 2021
