Bitcoin mining difficulty posts biggest drop since ASIC era

[Jentot]

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.

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