Bitcoin Mining Difficulty Drops 9% To January 2020 Levels

06/04/2020

ForkLog

As a result of the nextThe recalculation of the complexity of bitcoin mining fell by 9.29%, which was the second largest decline this year and the eighth in the history of the cryptocurrency.

The recalculation, which caused the complexity to drop to 13.7 T, occurred on Thursday, June 4, at 12:30 UTC on the block 633.024.

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This is the second recalculation of complexity after the May 11 halving.On May 20, the difficulty fell by 6% to 15.13 tons.

Thanks to this, miners will be able to connect to the network again, because of the unprofitability of mining, the equipment was switched off after halving.

In the meantime, hestreit (the total computing power of the network) continues to recover and today has grown to 103.7 EH/s.

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Recall, in early March, the complexity updated the historical high at 16.55 T.But the market collapse in the middle of the month led to a sharp fall in hashrate.As a result of the correction on March 26, the complexity of bitcoin mining fell by a record 15.95%.