Bitcoin mining difficulty posts biggest drop since ASIC era
Bitcoin's mining difficulty, a measure of the competitiveness for winning block rewards, has just posted the largest percentage drop since October 2011.
The network adjusted its mining difficulty at 8:28 UTC time on Tuesday, which dropped by 16.05% from the previous level of 20 Trillion to right now 16.7 Trillion, according to BTC.com.
Data compiled by The Block shows that has reset the record of the second-largest mining difficulty drop in bitcoin's history, which was previously seen on March 26 after the crypto market's mega sell-off on March 12.
See more for yourself here (https://www.theblockcrypto.com/linked/83325/bitcoin-mining-difficulty-largest-drop-asic-era?utm_source=cryptopanic&utm_medium=rss).