Bitcoin’s Mining Difficulty Sees Largest Percentage Drop in 9 Years

Bitcoin’s mining difficulty saw the second-largest drop in history on Tuesday, as the difficulty dropped to 16.78 trillion, losing a touch over 16% since last week’s all-time difficulty high. The last time bitcoin’s mining difficulty dropped so low was in October 2011, when it lost around 18%. Since the large difficulty drop took place, the overall SHA256 hashrate increased a great deal after losing 40% during the last week of October. The Bitcoin (BTC) network saw a significant mining difficulty drop on Tuesday when it slid -16.05% to 16.78t. News.Bitcoin.com reported....

Bitcoin’s mining difficulty has seen a massive drop this week, as the metric slid 12.6% and was the largest difficulty drop in 2021. The mining difficulty decline follows the recent electrical outages in China which had affected the network’s hashrate to some degree. Following the difficulty drop, Bitcoin’s hashrate is climbing northbound again nearing the 200 exahash per second zone. Bitcoin’s Mining Difficulty Drops 12% Allowing the Hashrate to Climb Higher On April 18, 2021, Bitcoin.com News and a number of crypto publications reported on Bitcoin’s (BTC)....

Bitcoin’s mining difficulty dropped this week at block height 685,440 and saw the largest negative drop of the year losing close to 16%. Overall the global hashrate has dropped around 2% since the price fell below the $40k handle. Currently, the mining difficulty is around 21 trillion, and it could drop another 16% in less than two weeks. Bitcoin Mining Difficulty Slides Close to 16% Down Following 2021’s Largest Epoch Difficulty Rise The price of bitcoin (BTC) has seen better days and following the drop in price, the hashrate has also slowed down to a certain degree. On May....

On Saturday, Bitcoin’s SHA256 hashrate managed to climb back above the 100 exahash per second region after it slid to a low of 91 EH/s three days ago. Meanwhile, in five days the network’s mining difficulty change is approaching and it could see the difficulty drop over 20%. Bitcoin Hashrate Climbs Back Above 100 EH/s, Difficulty Could Drop More Than 20% Next Week Statistics show that bitcoin (BTC) miners are processing blocks a lot faster, as the hashrate has improved during the last 48 hours. On June 26, 2021, the network’s hashrate jumped back above the 100 EH/s zone.....

Bitcoin mining difficulty has posted another negative adjustment on Sunday, with the difficulty rate almost halving since mid-May. Amid the ongoing crackdown on cryptocurrency mining in China, mining new Bitcoin (BTC) continues getting easier as BTC has experienced another mining difficulty drop.On July 18, the Bitcoin network posted its fourth consecutive negative adjustment of mining difficulty, dropping 4.8%, according to data from Bitcoin explorer BTC.com.The latest mining difficulty adjustment occurred at block 691,488, reducing the difficulty rate from 14.4 trillion to 13.7 trillion,....