Bitcoin Mining Difficulty Drops for the Third Time in 2022, Just Over 100K Blocks to Go Until …

Bitcoin miners have received their third break this year as the network’s mining difficulty adjusted downward by 1.26% on April 14 at block height 731,808.

The reduction is the third DAA drop in 2022, as the difficulty slid by 0.35% on March 17 and by 1.49% on March 3. In 2021, the DAA dropped seven times and saw one of the largest reductions over the course of Bitcoin’s lifetime on March 7, 2021, sliding 27.94% lower that day.

The 1.26% drop makes it easier for miners to find blocks as the difficulty was 28.59 trillion two weeks ago and today, the metric is now 28.23 trillion.

Bitcoin miners are getting closer every day toward the block reward halving that is expected to occur on or around May 4, 2022 and Bitcoin’s inflation rate per annum is 1.74% at the time of writing.

With the difficulty change making it easier to find blocks in comparison to the last two weeks, Foundry USA is the top mining pool over the last three days with 72 blocks found and 16.63% or 33.54 EH/s of hashpower.

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On March 29, Polygon, the layer two scaling solution that runs parallel with the Ethereum blockchain, has announced a new identity platform called Polygon ID.

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