Bitcoin mining: difficulty registers record decline

The difficulty extracting on the network Bitcoin, a key indicator of competition between miners Bitcoin, knew the second largest drop in its history.

While the bitcoin price suffered heavy losses this month, forcing many minors to unplug their machines and pushing the chopping power (hashrate) of the network down, it's the turn of the mining difficulty to adjust.

The difficulty of bitcoin mining automatically adjusts in cycles of around 2 weeks and this time records a record movement with a down almost 16%, going from ~ 16.55 to ~ 13.90 trillion.

This is the second biggest drop recorded by the mining difficulty on the network Bitcoin. The biggest slowdown took place in November 2011, when the difficulty had decreased by 18%, recalls TheBlock.