This Week in Mining 5/18 - Bitcoin network difficulty adjusts -6%, BCH hard fork, and more

This is a weekly update on all the interesting news in the mining industry by Thanks to Voskcoin for letting us post this here. If you’d
like to receive this through your email, sign up for our newsletter

This week’s updates are mild compared to last week’s halvening festivities. Here’s the latest:

  1. Bitcoin experienced a -6% network difficulty drop following the halving as unprofitable mining equipment was taken offline. Some believe that miners switched on older equipment leading up to the halving to make the most of the remaining days with a higher block subsidy.
  2. Bitcoin Cash (BCH) hard forked on May 15th. Their dev fund proposal, which had a small possibility of being activated at the time of the fork, is now all but dead.
  3. A Bitcoin mining reward from 2009, a month after the creation of Bitcoin, was moved for the first time. There was speculation that this could have been Satoshi, but analysis shows that this is most likely not the case. It’s impossible to say for sure, but the analysis of coins likely to be owned by Satoshi can be found here.

Bet you Craig Wright is sweating now it looks like he lied in court claiming the address they were sent from was his and denied having access to the keys…the plot thickens!