The complexity of mining Bitcoin decreased by 15%

Bananex Exchange
Dec 6, 2018 · 1 min read

A few days ago, the complexity of mining Bitcoin decreased by almost 15%, showing the second largest decline in the chronology of the flagship cryptocurrency.

According to experts, this figure dropped sharply by 18% and by 13% in October 2011, and the last of these movements was noted in January 2016, when the complexity of bitcoin production decreased by 8.6%.

At the same time, the hashrate of the network stopped growing in October, and from the beginning “cryptozymes” in the middle of November began an active negative movement. At the moment, this figure is 37.79 EH / s. At the same time, the price of Bitcoin again fell below the level of $ 4,000.

After the block 556766 mined by SVPool on the evening of November 15, the Bitcoin Cash network split into two, the mining tokens BCHABC and BCHSV. This project confrontation, the “ABC and BSV hashrate war,” undermined the cryptographic markets and led to its significant decline.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade