• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • CryptoSphere, Wrocław (February 4, 2023)
    • TMRW, Dubai (February 8-10, 2023)
    • Blockchain Fest, Singapore (February 16-17, 2023)
    • Blockchain Economy Summit, London (February 27-28, 2023)
    • Paris Blockchain Week (March 20-24, 2023)
    • GAIN Expo, Amsterdam (May 4-5, 2023)
    • Blockchain Expo North America, Santa Clara (May 17-18, 2023)
    • COMEX, Oman (May 22-25, 2023)
    • BLOCK3000: Blockchain Battle, Lisbon (July 6-7, 2023)
    • NFT Show Europe, Valencia (July 14-15, 2023)
    • TOKEN2049, Singapore (September 13-14, 2023)
    • Blockchain Expo Europe, Amsterdam (September 26-27, 2023)
  • Past Events
    • Event Horizon
    • Blockchain Life
    • BlockShow Europe

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies


Join us on Telegram: https://t.me/crypto_reporter
Visit Paris Blockchain Week on March 20-24, 2023
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Slight break for bitcoin miners as network difficulty goes down

December 6, 2018 By Vitali Maldashou

A recent plunge in bitcoin value has pushed numerous miners to turn off their equipment. However, new difficulty level makes mining more profitable.

On December 3 the new bitcoin mining difficulty level decreased by 15.13%, the most significant drop in seven years. In 2011 the figure at one point went down by 18%. The number is affected by network hash rate, the total computing power of mining equipment.

The sudden dive in cryptocurrency value in the last month and overall sluggish market performance this year have become a deciding factor for many miners to shut down their mining equipment to avoid further losses.

This week the profitability slightly nudged upward due to decrease in mining difficulty. The profitability is affected by two components – block reward and network difficulty. The first will change in May 2020, the second gets altered once every two weeks to maintain the normal 10-minute block time.

The news comes as a break for those who have placed heavy bets on the mining activity. Recently, a Chinese crypto outlet reported that mining operators started selling mining machines ‘by kilo’, rather than by unit, giving way to sundry memes on the internet.

Filed Under: General News, News Tagged With: bitcoin, cryptocurrency, mining, news

Primary Sidebar

Follow Us

Press Releases

Near Protocol (NEAR) and Polkadot (DOT) Drop; Orbeon Protocol (ORBN) Skyrockets 1400%

January 31, 2023

QI Blockchain Ecosystem: The Fastest Growing Ecosystem in the World

January 30, 2023

Here’s Why Aptos (APT) Will Overtake Ethereum

January 29, 2023

Maximizing Defi Opportunities: Orbeon Protocol (ORBN), Aave (AAVE) and Quant (QNT)

January 28, 2023

Blockchain Expo is returning to California

January 27, 2023

Cryptosphere

TMRW

Blockchain Fest Singapore 2023

Blockchain Economy London 2023

PBW 2023

GAIN Expo 2023

Blockchain Expo North America 2023

COMEX 2023

Blockchain Expo Europe 2023

Blockchain Expo Global 2023

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2023 Crypto Reporter