Bitcoin Mining is Now Easier and More Profitable as Algorithm | G3 News

Bitcoin Mining is Now Easier and More Profitable as Algorithm Adjusts After China Crackdown

@G3News: It just became a whole lot easier and much more profitable to mine for bitcoin.

The world has known for months that more than half the world’s bitcoin miners would be going dark as China cracked down on mining. Now that it’s happened, the bitcoin algorithm has adjusted accordingly to make sure miner productivity doesn’t continue to fall off a cliff. 

That adjustment – which took effect early Saturday morning – also means that way more cash is going to the bitcoin miners who remain online.
“This will be a revenue party for miners,” said bitcoin mining engineer Brandon Arvanaghi.

“They suddenly own a meaningfully larger piece of the pie, meaning they earn more bitcoin every day.”
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