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Difficulty drops by 2.3%! Miners: Can we finally take a breather?
Bitcoin mining difficulty has decreased, which may not sound exciting, but it's actually very important.
Why?
Because it reflects the—
"Survival status" of miners.
A decrease in difficulty usually means:
Some miners have shut down, some can't hold on anymore.
Behind this are actually three pressures:
Electricity costs, coin prices, and hash rate competition.
When the coin price isn't rising and costs persist, the first to exit are always marginal players.
And those who remain will become stronger.
This is a fundamental logic of Bitcoin:
Constantly eliminating the weak and strengthening the system.
So, a difficulty decrease isn't entirely a bad thing.
It's a bit like a forest fire:
Short-term destruction, long-term health.
To sum up in one sentence:
Miner exits are one of the precursors to the next rally. #Gate广场五月交易分享