Bitcoin Mining Difficulty is Down 11% Since November

The incoming winter storm is set to drive mining difficulty even lower. Here's how you should position yourself...

Winter Storm & Bitcoin Mining

More than a foot of snow & ice is expected to hit the United States this weekend.

With ~50% of all Bitcoin Miners domiciled in the U.S.A., this is going to have a noticeable impact on the network hash rate.

Today mining difficulty dropped ~3.3%, marking the 5th negative difficulty adjustment in the past two and a half months. ‘Hash Rate’ is down ~11% during this time.

As the price of BTC declined from its high, Bitcoin Miners with outdated hardware and high electricity costs began unplugging machines. With curtailments from the storm almost a certainty, mining difficulty will likely drop again at the next adjustment (~2 weeks from today).

This creates an opportunity for other miners to earn more Bitcoin.

Hedge Your Risk, Diversify Your Mining Operation

Blockware clients have the opportunity to seamlessly scale their mining fleet across multiple jurisdictions and energy grids. This provides protection in the event of weather-induced downtime.

Cold front in Kentucky? Your miners in Texas keep hashing away.

Heat wave in Texas next summer? Your miners in Kentucky keep hashing away.

All with one hosting provider.

Shop turn key miners on the Blockware Marketplace: https://marketplace.blockwaresolutions.com/

Sign up for a free consultation with a member of our team to learn more: https://mining.blockwaresolutions.com/info

Mitchell Askew, Head of Blockware Intelligence, broke this down in-detail on today’s episode of “Blockware Live.”

Check it out below and make sure to tune in to the live show every Tuesday and Thursday at 10am EST.