Although the decline in the cryptocurrency market is affecting everyone quite harshly, the situation seems a little different for crypto miners. Bitcoin has suffered the second-largest network difficulty drop in its history today, and the difficulty has dropped by 15.95%.
With this drop in the Bitcoin network, BTC digging has become much easier. This development has increased the appetite of miners in the rival network Bitcoin Cash. According to the data obtained, many of the Bitcoin Cash miners left the network and started switching to the Bitcoin network.
While there is only 1 block in the Bitcoin Cash network within 1 hour, while there are 7 blocks in the Bitcoin network, it clearly reveals the influx of miners towards the network. This network difficulty drop, which comes right after mining giant Bitmain announced its new device, Antminer S19, brings bad things to investors.
Still, the BTC network was expected to experience a similar difficulty decline after the price drop.