Mining difficulty is a metric of determining how difficult it is to mine a Bitcoin block. This difficulty scale is adjusted every two weeks, or every 2016 blocks, meaning the average time between blocks is ten minutes. Bitcoin mining difficulty dropped significantly in 2021, due to China’s cryptocurrency crackdown. Past indicators have suggested that around 70% of the world’s Bitcoin mining took place in China prior to the government-led crackdown. Despite the crackdown, Bitcoin mining was able