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The Daily Hodl 2021-07-04 10:30:50

Bitcoin Witnesses Historic Drop in Mining Difficulty Rate Due to China Crypto Exodus

The autonomous Bitcoin network has experienced the largest drop in mining difficulty in its history. The change has reduced the level of computing power necessary to process Bitcoin transactions by 28%, ensuring new blocks are mined at the target rate of one block every 10 minutes. The “difficulty adjustment” is a stabilization feature built into […]The post Bitcoin Witnesses Historic Drop in Mining Difficulty Rate Due to China Crypto Exodus appeared first on The Daily Hodl.

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