@ingrog
Bitcoin mining difficulty dropped by 11.16% to 125.86 trillion on Saturday - marking the largest single decline since China’s mining ban in 2021.
The winter storm Fern forced Foundry USA, the world’s biggest mining pool, to slash its hashrate by 60% as miners reduced their power usage to ease pressure on energy grids.
While the adjustment provided some relief for remaining miners, the hashprice sank to a record low of $31 per petahash amid Bitcoin’s broader price downturn.
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