Bitcoin mining difficulty dropped to January level 2020 of the year – Bits Media

Cryptocurrency mining bans in China continue to bear fruit. The difficulty of mining bitcoin has significantly decreased to the levels of the beginning of last year.

Recent data suggests, that the difficulty of mining the first cryptocurrency decreased by 45% from peak values, which were reached in the second half of May. Recalculation of mining complexity occurs about once every two weeks, or, Rather, every 2 016 blocks.

3 July has another recalculation of the complexity of mining, and within its framework the indicator decreased
On record 28%. Such a decrease was led by mining prohibitions in China, related to fears about the harm of cryptocurrencies for ecology. After that, the average hashrate of the bitcoin network in seven days decreased with 136 Eh / s, to 85 Eh / s. That is, the fall of the hashrate in two weeks was about 35%.

Currently, each terahesch per second, calculated by mining equipment, brings 0.00000931 BTC, these are approximately twice as many previously familiar values. That is, the remaining miners earn twice as much, than in May.

In connection with the prohibitions of mining in China of the company, engaged in prey of bitcoin and other cryptocurrencies, Started moving capacities to other countries. Russia also did not stand aside - the Russian Association of Cryptia and Blockchain (RAKIB) announced
About the launch of the project, within the framework of which it is planned to attract miners to place facilities in Russia.