Bitcoin difficulty drops by over 11%, sharpest drop since 2021 China ban
The Bitcoin network’s mining difficulty dropped by as much as 27% within a single adjustment period during China’s 2021 crypto mining ban.
The Bitcoin network mining difficulty, a metric tracking the relative challenge of adding new blocks to the Bitcoin (BTC) ledger, fell by about 11.16% in the last 24 hours, the worst drop in a single adjustment period since China’s 2021 ban on crypto mining.
Bitcoin mining difficulty is at 125.86 T and took effect at block 935,429, data from CoinWarz shows. The average block time is over 11 minutes, overshooting the 10-minute target.
Difficulty is projected to fall again in the next adjustment on February 23 by about 10.4% to 112.7 T, according to CoinWarz.