On May 4, as a result of another recalculation, the difficulty of BTC mining fell to 119.12 T, a decrease of -3.34%. This is a rare pullback against the backdrop of steady growth in recent months.
The average hashrate for the period was 885.12 EH/s, according to Glassnode (7-day MA - 886 EH/s).
Hashprice Index from Hashrate Index shows:
After the difficulty decreased, the profitability of miners skyrocketed,
The hashprice rose above $50 per PH/day, the highs of the month.
The big picture:
Despite the difficulty correction, the hashrate remains at all-time highs,
The increased activity of miners may be due to high BTC prices and the expectation of further growth.
