Bitcoin Difficulty Climbs 3.87% as Hashrate Slips and Next Cut Looms

Adding pressure, miners cannot rely on fees, which account for just 0.56% of the block reward. In effect, the system appears to be approaching a breaking point. Yet Bitcoin’s difficulty adjustment is engineered for precisely this scenario. If miners exit and hashrate declines, difficulty adjusts downward, drawing participants back with more accessible conditions.

About Author

See author's posts