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Competition in Bitcoin Mining Eases as Price Drop Thins Herd- CoinDesk

Competition in Bitcoin Mining Eases as Price Drop Thins Herd- CoinDesk

A key measure of competition among Bitcoin miners just dropped by 15.95 percent – the second-largest decline in the network’s history. The drop in so-called mining difficulty signals some miners have bowed out of the ongoing race to solve math problems to win freshly minted bitcoin, as a decline in the cryptocurrency’s price has made this activity less profitable.







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