Bitcoin mining just got way easier and lots more profitable

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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