Bitcoin difficulty experiences 2% dip amid hash rate decrease

exchange68September 12, 2024

0 0 1 minute read

Quick Take

The Bitcoin network has experienced a 2% drop in its difficulty adjustment, marking the fourth such decrease in 2023. With approximately a quarter of all adjustments this year showing a negative trend, the hash rate acceleration is evident.

Currently, the hash rate stands at around 364 trillion (Th/s). Despite the recent decrease, the difficulty adjustment level remains robust, hovering around the 50 trillion (T) mark.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.