Bitcoin Miners to See Biggest-Ever Increase in Profitability

[Cristiano]

According to Slush Pool, the oldest cryptocurrency mining pool, Bitcoin’s difficulty may reach a maximum negative adjustment of 25 percent based on recent block times.   
The important metric determines how hard it is for miners to find new blocks and earn rewards.       

As of now, a 20 percent drop is on the cards. It would already be the cryptocurrency’s biggest difficulty adjustment ever, which will in turn translate into the biggest increase in profits.

Slush Pool estimates that the profitability of the remaining ASIC miners will skyrocket beyond the most optimistic projections for 2021:

While hundreds of thousands of ASICs sit idle in trucks, cargo ships, planes, and warehouses, those that remain online become more valuable.

For instance, the Antminer S19 Pro will be able to churn out 86,700 satoshis per day following the upcoming difficulty adjustment that will take place in about a week.   

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