News Snapshot:
China has been cracking down on us recently bitcoin (BTC) mining and multiple provinces in the country have mining now completely banned . The sudden crackdown by the Chinese government is causing the hash rate, or computing power, of the bitcoin network has fallen sharply. This one was according to Bitinfocharts on May 13 still around 170 exahashes per second (EH/s) and dropped below 60 EH/s last week, a drop of no less than 65%. This resulted in, among other things, the biggest negative mining difficulty adjustement ever , or the automatic adjustment of the difficulty level. It fell by...
