Bitcoin mining difficulty dropped by record 27.9% – Bits Media

This weekend, the next recalculation of the difficulty of Bitcoin mining took place. Experts expected, that the indicator will decrease by 20%, however, the difficulty dropped by almost 28%.

Mining difficulty is recalculated every 2 016 blocks. The higher the hashrate of the network, the higher the difficulty - This helps to maintain the average time of the block in 10 minutes. The last few days, the blocks have been mined on average for 13 minutes 55 seconds. Previously, the complexity has already decreased several times by 15-18%, However, the fall is more, than on 20% It took place for the first time.

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 network of the first cryptocurrency in seven days decreased with 136 Eh / s, to 85 Eh / s. I.e, The fall of the hashrate was about 35%.

Interesting, what 1 July miners Bitcoin for the production of the block went as whole 129 minutes. A break in the production of blocks was the largest with 2011 of the year.

Previously reported, what, Due to the fall of the cryptocurrency market and an increase in regulatory pressure, BTC and ETH miner income decreased 42% and 53% respectively.