“Bitcoin mining is always a dynamically adjusted process,” Mao said, meaning when the hashrate drops, so does the mining difficulty. The latest data shows the bitcoin mining difficulty has already declined slightly by 5 percent within the past a few days.
I know nothing about mining. But when it comes to trading I think there is chance to keep going for the downside, bears still have more power, it could even reach around the 3000USD mark.
Yeah! Sounds super cool. If only we could still mine crypto through puzzles and quizzes. In a series I watched, they mentioned that’s how they got their BTC. Haha.
I think there are still some coins that let you do this! But I don’t know… that’s still time you’re spending, and that’s worth a lot. So even with solving puzzles, that’s still a no for me haha.
Hahaha. Yeah. Makes sense. They say BTC price will continue to go down so I might reconsider purchasing a few then. I guess we’ll just have to wait and see.