The first cryptocurrency remains not only the most expensive and popular, but also well compatible even with old equipment. Today, mining will pay off even on not the most powerful hardware, it is only necessary to get inexpensive electricity. On May 20, as a result of recalculation of the system, Bitcoin mining difficulty dropped by 6%.
Analysts of Glassnode explained this phenomenon by the fact that after reducing the reward for mining, user activity fell significantly. Thus, in order to revive the popularity of Bitcoin, the system has reduced the mining difficulty. The words of the Director of Greenidge Generation confirm this, “As halving approaches, Chinese miners have been ramping up resources, even at the expense of older-generation devices to make the most of the last days before the reward cut.”