Biggest period drop in 2021: Bitcoin network mining difficulty drops more than 12%, hash rate approaches 200 exahash

Bitcoin's difficulty has dropped this week as the metric dropped 12.6% and its biggest difficulty drop was in 2021. The decline in mining difficulties came after recent power outages in China, which affected the complexity of the network to some extent. size. After the difficulty drops, Bitcoin's hashrate climbs north again and approaches the 200 exhash area per second. Bitcoin mining difficulty dropped 12%, allowing hashrate to rise further On April 18, 2021, Bitcoin.com News and a series of crypto publications reported a drop in Bitcoin's hashrate (BTC) value following reports that the Xinjiang network in China is electrically blacked out. reported. out. downs. Initial reports estimated the hash loss to be over 40%, but other reports suggest the loss could be between 12.61% and 25%. On April 21, 2021, Nic Carter, founder of Coin Metrics, said five-day statistics showed that Bitcoin's hashrate (BTC) was losing only about 25%. Regardless of the integer, BTC's network hash decreased by at least 10% or more at that time. Removing the hash rate reduced network difficulties, making it easier for miners to find blocks. The BTC difficulty is the setting the network uses to keep block times constant and consistent. Difficulty for mining is basically a measure of how hard it is to find a hash under a specific target. Difficulty will increase when BTC's hashrate is high, and difficulty will decrease when hashrate decreases as it has been recently. Bitcoin's network difficulty changes every two weeks for every block in 2016. The challenge of BTC two days ago fell 12.6% to $ 20.61 trillion after the sharp drop that occurred a week ago today. . After the 12.6% drop, the biggest difficulty drop in 2021, and the change in statistics, hash power began to build. As the initial difficulty of Bitcoin mining subsided two days ago, the hashrate of the network started to increase.

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