The mining difficulty for Bitcoin has decreased as the price of the cryptocurrency has plummeted. The drop in difficulty is typical during bear markets as companies reduce mining capacity to conserve power. The recent decline in difficulty is also attributed to elevated energy prices caused by a cold winter spell in the US. When markets are flourishing, the mining network grows, increasing difficulty. However, the recent decrease in difficulty is unlikely to last, as North American operations are expanding and the network is expected to grow again soon.



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