Bitcoin Mining Difficulty Expected to Decrease by 9% in Coming Days

Mining difficulty on the Bitcoin blockchain is expected to decrease by around 9% within five days, marking the largest drop since July 2021. This follows a 30% reduction in mining power over two weeks.

The current hashrate is just under 700 EH/s.
The projected adjustment aligns with historical trends observed during summer months when electricity demand rises.
Bitcoin is trading at approximately $105,300.
The hashprice is currently $51.9 per EH/s.
A decrease in mining difficulty will allow miners to generate more revenue for the same computational effort.

If Bitcoin's price and transaction fees remain stable or increase, the hashprice is likely to rise, alleviating recent profitability concerns for miners.