Bitcoin mining is now easier and more profitable as algorithm adjusts after China crackdown CNBC 14 hrs ago MacKenzie Sigalos
More than 54% of bitcoin s hashrate, which is the collective computing power of miners worldwide, has dropped off the network since its market peak in May.
The bitcoin code has re-calibrated to make it 28% less difficult to mine.
Miners who are still plugged into the network stand to make greater profits while most of the network s miners remains offline. © Provided by CNBC A bitcoin mine near Kongyuxiang, Sichuan, China on August 12, 2016.
It just became a whole lot easier and much more profitable to mine for bitcoin.
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