Miners are about to catch a break, so why is nobody celebrating? 👀
📰 What happened
Bitcoin mining difficulty is set to fall ~7.8% at block 975,744, around Nov 13 23:50 UTC (Nov 14 ~07:50 Beijing). Blocks have averaged 651 seconds this epoch vs the 600-second target. It would be the biggest cut since June's -10.09% (mempool.space).
🤔 Why it matters
Difficulty follows hashrate, and hashrate follows price. $BTC sits at $71,543, down 3.9% in 24h (Binance spot), and miners are still selling into the tape. A 7.8% cut eases the squeeze, but it is a lagging adjustment, not a demand signal. Hashrate has already partly recovered, from 825 to 982 EH/s in three days.
👀 What to watch
The print itself on Friday morning Beijing time, then whether hashrate holds above 950 EH/s and whether $70,000 holds.
A difficulty cut ≠ a price signal. Relief for miners, or just a breather before the next leg down? 🐂🐻
Not financial advice. DYOR.
#Bitcoin #Crypto #Mining
📰 What happened
Bitcoin mining difficulty is set to fall ~7.8% at block 975,744, around Nov 13 23:50 UTC (Nov 14 ~07:50 Beijing). Blocks have averaged 651 seconds this epoch vs the 600-second target. It would be the biggest cut since June's -10.09% (mempool.space).
🤔 Why it matters
Difficulty follows hashrate, and hashrate follows price. $BTC sits at $71,543, down 3.9% in 24h (Binance spot), and miners are still selling into the tape. A 7.8% cut eases the squeeze, but it is a lagging adjustment, not a demand signal. Hashrate has already partly recovered, from 825 to 982 EH/s in three days.
👀 What to watch
The print itself on Friday morning Beijing time, then whether hashrate holds above 950 EH/s and whether $70,000 holds.
A difficulty cut ≠ a price signal. Relief for miners, or just a breather before the next leg down? 🐂🐻
Not financial advice. DYOR.
#Bitcoin #Crypto #Mining
