On the night of Wednesday, December 19, the complexity of mining Bitcoin fell by 9.5%, thereby increasing the profitability of mining cryptocurrency.
The 276th Bitcoin mining period has started with block 554,400. New difficulty: 5,106,422,924,659 (-9.56%)
— Bitcoin Block Bot (@BtcBlockBot) December 18, 2018
Meanwhile, the price of Bitcoin per day rose by more than 10% and at the time of publication is trading at around $ 3,850. Somewhat earlier on the Bitfinex exchange, the first cryptocurrency for a short time rose above $ 4,000.
At the beginning of winter, the complexity of mining Bitcoin has undergone the second largest decline in history - by 15%.
On December 10, BitMEX analysts said that since November, the bitcoin network hashrate has decreased by about 31%, along with a sharp drop in the price of the first cryptocurrency. Over the past month and a half, about 1.3 million Bitmain S9 mining devices have been disabled.