Bitcoin Miners Finally Get a Breather—But Don’t Start Shopping for Lambos Yet! 😂

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Somewhere, a Bitcoin miner just stopped shaking for the first time in two months. The Bitcoin network actually took a chill pill and dialed down its difficulty by 3.34% after four consecutive freak-out hikes since March 9. Somebody cue a slow clap.

Bitcoin Miners Get Their First Break in Weeks—But Don’t Throw Out Your Stress Ball

If you thought Bitcoin miners spent their weekends relaxing, surprise! The network has had miners sweating through four straight powerlifting competitions (read: difficulty hikes) since March 9, 2025. But at block height 895,104, the trend finally snapped, with difficulty dropping a precious 3.34%. The number plummeted from “do you even lift, bro?” at 123.23 trillion down to a more manageable 119.12 trillion. Still impossible, but less emotionally draining.

Yes, this is what difficulty looks like, and yes, you still don’t understand it.

So what does this mystical trillion-number mean? Basically, it’s how many stabs in the dark a miner must take—on average—before finding that adorable golden ticket of a block hash. The odds are slightly better than winning the lottery, if the lottery charged you for electricity and made you compete with people in Iceland. 🌋

Behold! The network hashrate: Not quite art, but definitely more valuable than your NFT monkey.

As of Sunday, May 4, the Bitcoin network is not just running—it’s basically on Red Bull, cranking out 885.51 exahash per second. Thanks for the ambient hum of global hashpower, miners! Despite that sweet difficulty drop at block 895,104, block times are still dragging their digital feet—clocking in at around ten minutes and 22 seconds. If things stay snail-like, expect another adjustment by May 18. Mark your calendars, or just keep watching crypto Twitter for panic memes. 🐌

Of course, everything can change faster than your favorite meme coin crashes. The hashrate could skyrocket, patience may evaporate, or the universe could do what it wants. Meanwhile, miners are sniffing more profit: hashprice climbed from $45.87 on April 4 to $50.80 today, which almost sounds like a livable wage if you conveniently ignore the electricity bill. That bump has goosed hashrate up from 824 EH/s on April 27 to (say it with me) today’s hulked out 885.51 EH/s.

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2025-05-04 16:33