In the history of bitcoin for the very first time mining difficulty plunged by 28%. So what does it means for bitcoin minors out there? Minors now, will be able to mine more bitcoin with the same amount of energy and reduced difficulty.

This is caused by the mining ban which occurs in china. China government has imposed a ban in the country for mining any kind of crypto.

The decline in difficulty also leads to plunge in transaction fees, which in turn leads to $1000 surge in BTC price.

Since December 2018, mining difficulty has dropped by 16% on May 29, and 5% on June 13 in this year.

Mining difficulty is a self correcting and internally referenced score which tells how hard is to find the next block in Bitcoin’s blockchain. In the starting Bitcoin difficulty was 1.

You may be thinking how can I benifit from reduced difficulty, well you can start mining Bitcoin now and you will mine more bitcoin than before. More bitcoin means more money in your wallet which in turn you can use to increase your mining hash power by increasing your mining hardware, it is as simple as that.

I hope you use this opportunity and mine more bitcoin. Thank You.