Bitcoin (BTC) mining difficulty witnessed a serious decline, experiencing the biggest decline in the last 16 months.
The decline in cryptocurrencies and the crises brought on by global economic problems continue to affect miners. As a reflection of this, a decrease in the Bitcoin mining difficulty level was observed. In fact, all this difficult process and To the bear market that has been going on for 1 year Despite this, the miners somehow survived and chose not to turn off their devices. But the latest challenge shows the decline that ultimately Unplugged devices began to be unplugged.
Last October 10 increased by 13.55% and then in the adjustment on Nov. record holder difficulty level, to 36.95T had risen. This situation is thought to have forced many mining companies into bankruptcy and hindered new investments.
Especially since the mining difficulty level has been rising steadily since August, with the new adjustment completed yesterday. 7.32% down 34.24T it happened. This decline has been of china It was recorded as the biggest drop after the countrywide ban on mining.
According to data from BTC.com mining pool, approx. 13 days also in setting the next difficulty level, which will take place after a 0.16% drop Waiting.
