Bitcoin’s Mining Difficulty Resumes Downtrend (cryptoglobe.com)
Mining difficulty on the Bitcoin network reflects hashrate, or mining power, which nearly halved between November and December 2018.
Historically, mining difficulty – and thus hashrate – is typically growing constantly on the Bitcoin network.
For background, Bitcoin automatically adjusts difficulty approximately every two weeks.
CryptoGlobe reported last year on Element Group’s hashrate and difficulty analysis, which observed historical trends associated with declining mining difficulty.
If we take the start of declining difficulty from October generally, the Bitcoin network has seen nearly six months now of “Negative to flat difficulty growth.” Many observers, including CryptoGlobe, have marked the 2018 – and now 2019 – declines as the longest bear market ever for cryptoasset markets.
Original article reduced by: 65%
Read the full article here.
Related story: Bitcoin Futures Expired Last Week, Did It Affect $10 Billion Plunge Of Crypto Markets? (cointelegraph.com)
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