Bitcoin’s Difficulty Target and Adjustment: Complete Beginner’s Guide4

Considering the extended bear market throughout 2018 and the financial stress it has placed on miners in Bitcoin, it is pertinent to look at Bitcoin’s difficulty adjustment and how it plays a vital role in the economics of the legacy cryptocurrency. Bitcoin’s difficulty adjustment is one of its most essential features.

Bitcoin’s mining difficulty target had been dropping consistently since October 2018 until it rebounded at the end of December, where it currently resides until the next adjustment in a few days.

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