Bitcoin mining difficulty drops 9.13% to 134.82T

Odaily reports: Bitcoin completed a difficulty adjustment at block height 975,744, with difficulty reduced by 9.13% from 148.36T to 134.82T — the largest decrease since June and the third-largest downward adjustment this year. Over the previous 2,016 blocks, the average block time was 11 minutes, with the period taking approximately 15.4 days. Estimated hashrate fell to about 965 EH/s, a steeper decline than the previously predicted 6.8% to 7.5%. During the same period, Bitcoin's price dropped to $67,652. Daily production on November 8 and 9 was only 346.875 BTC each, below the normal 450 BTC. The 7-day average Puell Multiple stood at 0.82, with the daily value of 0.71 marking the lowest since August 11, and transaction fees showed no improvement. Following the difficulty reduction, expected revenue per unit of hashrate increased by approximately 10%; current difficulty remains about 8% higher than the June low, and whether miner pressure can be alleviated depends on whether hashrate flows back.