Bitcoin mining becomes less difficult after hashrate collapses in China


Source: eminetra.com eminetra.com

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Amol Rajput 32 mins ago A Bitcoin mine on the edge of the Tibetan Plateau near Sichuan, China. The mine is strategically located next to the hydroelectric generator. Getty Images Mining Bitcoin has become much easier and much more profitable. The world has been known for months If China cracks down on mining, more than half of the world’s Bitcoin miners will be dark. Now it happened The Bitcoin algorithm has been tuned accordingly to keep miners’ productivity from falling off the cliff. This adjustment, made early Saturday morning, also means that more cash will be paid to Bitcoin miners...