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Bitcoin Mining Difficulty Lowered For the First Time in 2021
Summary: According to CoinGape, Bitcoin mining difficulty has been lowered by 1.27% to 21.45 T for the first time in 2021 amid the Chinese crackdown on crypto mining farms in inner Mongolian regions. The Chinese province has drafted a bill to shut down all crypto mining operations and other high energy-consuming industrial activities regions as it ...
According to CoinGape, Bitcoin mining difficulty has been lowered by 1.27% to 21.45 T for the first time in 2021 amid the Chinese crackdown on crypto mining farms in inner Mongolian regions. The Chinese province has drafted a bill to shut down all crypto mining operations and other high energy-consuming industrial activities regions as it failed to meet the carbon emission goals set by the government. Mongolia is considered the third most prominent Chinese province for Bitcoin mining.
The lowering of mining difficulty also comes after four consecutive increments and a fluctuation of 1% is considered normal.
By Sara Zhang
Tags: Bitcoin,Bitcoin Mining,mining difficulty
Link: Bitcoin Mining Difficulty Lowered For the First Time in 2021 [Copy]
