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Bitcoin mining difficulty on track for largest drop since June

Bitcoin's upcoming mining difficulty adjustment is projected to fall between 7% and 8%, marking the network's steepest reduction since June.

A mempool dashboard displaying a projected Bitcoin difficulty drop of 7.80%, an average block time of about 10.9 minutes, and a chart of incoming transactions.
Image: @Cointelegraph

Bitcoin's mining difficulty is projected to decrease by roughly 7% to 8% at its next adjustment, marking the network's largest drop since June, according to reporting by Cointelegraph and Decrypt.[1][2][3]

A mempool snapshot shared by Cointelegraph indicated an anticipated 7.80% difficulty decline, alongside an average block time of about 10.9 minutes. That snapshot projected the adjustment would occur in roughly 37 hours on November 14 at 7:51 AM, following a prior adjustment that had increased difficulty by 5.54%.[2]

According to Decrypt, citing estimates from mempoolspace and CoinWarz, the adjustment is expected around 6:30 PM EST Friday (23:30 UTC) and will trim difficulty from its current reading of 148.36T. Crypto Briefing noted that the anticipated decrease could improve miner profitability and potentially boost network participation.[1][3]

Key facts

  • Bitcoin mining difficulty is projected to drop between 7% and 8% at its next adjustment, the largest decline since June.
  • Mempool data shared by Cointelegraph showed a projected drop of 7.80%, following a previous adjustment increase of 5.54%.
  • The mempool snapshot cited by Cointelegraph indicated an average block time of approximately 10.9 minutes.
  • The mempool snapshot estimated the adjustment in roughly 37 hours, targeting November 14 at 7:51 AM.
  • Decrypt reported the adjustment is expected around 6:30 PM EST Friday (23:30 UTC) from a current level of 148.36T, citing mempoolspace and CoinWarz estimates.
  • Crypto Briefing noted the expected reduction could boost miner profitability and network participation.

Sources 路 3 sources

  1. CB

    Crypto BriefingArticle 路

    Bitcoin mining difficulty set for largest cut since June The anticipated difficulty reduction could boost miner profitability, potentially increasing network participation and impacting Bitcoin's market dynamics. The post Bitcoin mining difficulty set for largest cut since June appeared first on Crypto Briefing .

    Open source
  2. CO

    Cointelegraph@CointelegraphPost on X 路

    馃毃 LATEST: Bitcoin mining difficulty is on track to fall about 7.8% this weekend, its biggest drop since June, per mempool. Are miners are switching off, and heading full on to AI? https://t.co/h4K0QRbdL6

    Open source
  3. DE

    Decrypt@DecryptMediaPost on X 路

    Bitcoin Mining Difficulty on Track for Biggest Cut Since June. Bitcoin's next difficulty adjustment, expected around 6:30 PM EST Friday (23:30 UTC), is on track to cut mining difficulty by roughly 7% to 8% from 148.36T, according to mempoolspace and CoinWarz estimates. https://t.co/5FCWpcP6Sn

    Open source