After the decline of the second-largest Bitcoin (BTC) mining complexity, the next one could be even greater and help miners get even stronger.
As expected, Bitcoin’s mining complexity (an event that tells us how difficult it is to compete for mining rewards) has just dropped – but instead of 5.8% calculated 6 days ago, it has dropped to 15.95%. This is the second largest drop in its history. It now stands at 13.91T, compared to 16.55T on March 9, when BTC mining difficulty and hashtags fell to new heights.
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The fall of BTC mining complexity is not too far away. The core Bitcoin mining pool BTC.com estimated that the following adjustments, which are expected to take place within two weeks, would reduce mining complexity by another 16.03%. If that were the case, that percentage would be the second highest in history, sitting at -18.03% on Halloween in 2011. Also, if this decline were to occur, mining difficulty would be at 11.68t where it was not in the middle. September-September 2009.