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Bitcoin faces one of its biggest mining difficulty drops as miner margins collapse

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CryptoSlate Editorial

(12:30 PM UTC)

1 min read

Verified byMichael Roberts

892 views

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The Bitcoin network is poised to execute one of the largest downward adjustments to its mining difficulty in its 17-year history this weekend, a stark reflection of the severe margin compression forcing operators to take hardware offline.

The automated recalibration, scheduled to occur on June 13 at block height 953,568, is projected to slash the network’s difficulty by approximately 10.3%. This…

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