Bitcoin mining difficulty by over 7%.

Crypto winter reduces Bitcoin mining difficulty by over 7%.

[{"selector":"#anim-ef62c81b-db08-4977-bed1-dfde0b707669 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(21.874999829338595%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Bitcoin mining difficulty plummeted on December 6. This was rare after July 2021.

[{"selector":"#anim-9fe496d9-2310-4788-a55c-6ea122765077 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Bitcoin miners are shutting down after the bearish market sentiment.

[{"selector":"#anim-965ed617-b3d6-4acf-88a2-52456c73f399 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-64.0197751722984%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Bitcoin miners have been squeezed by a low Bitcoin price and high electricity rates in recent months.

[{"selector":"#anim-78f606ec-843e-4160-a838-21427af83463 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-33.92857133105062%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Between early August and November 21, hashrate and difficulty increased by about one-third.

[{"selector":"#anim-8004153c-b585-4bef-9e88-90f4cb2eeedf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(1.9230764568155874%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Recent mining economics have caused the latest decrease.

[{"selector":"#anim-5312b51d-63a5-4c75-a501-3e516033aa7d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Despite average prices dropping 80% since December, ASIC machines are flooding the market.

[{"selector":"#anim-9410cda1-8904-4d45-9be2-ed16ba39af1d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(38.006591759787476%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Bitcoin miners have been selling, but CryptoQuant reports that their reserves have been stable this year. Learn more