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.
On April 18, 2021, Bitcoin.com News and a number of crypto publications reported on Bitcoin’s hashrate dropping after reports noted that in China the Xinjiang grid is having electrical blackouts.
On April 21, 2021, Coin Metrics’ founder Nic Carter said five-day stats had shown the Bitcoin hashrate only lost around 25%.
When BTC’s hashrate is high the difficulty will increase, and when the hashrate drops like it did in recent times, the mining difficulty will drop.
Two days ago, BTC’s mining difficulty dropped 12.6% to 20.61 trillion after the large hashrate drop that took place more than a week ago today.
The last massive mining difficulty drop was around 16% during the first week of November 2020.
Today, Coinwarz.com stats shows the hashrate on Sunday jumped above the 190 EH/s zone and data from Fork.lol indicates absolute hashrate in exahashes touched 204 EH/s three hours ago.
It’s good to note that using hourly and even daily averages for hashrate, might not be the most reliable way of measuring hashrate data.
F2pool is followed by Antpool, Poolin, Binance Pool, Viabtc, Btc.com, and Huobi Pool respectively.
Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
His company Tesla, however, has sold some of its bitcoins, which Musk says it’s “essentially to prove liquidity of bitcoin.” Tesla’s Master …