The complexity of Bitcoin mining has decreased by 15.95% in the last recalculation.

   Due to the drop in the price of the first cryptovoltaic currency in the last recalculation, the complexity of Bitcoin mining has decreased by 15.95%. The last time the decline of more than 15% occurred in December 2018.

The decline in the difficulty of mining signals that some of the mines have shut down the equipment for the extraction of bitcoin, as the decline in the price of the first cryptocurrency made the creation of blocks less profitable. However, the decline may benefit those who choose to stay in the game, as less competition means that the remaining miners will gain more profit.

The difficulty of producing Bitcoin changed on March 26 at about 6:00 Moscow time, dropping to 13 912 524 048 946 with 99 EPS hash. Last time the correction of the difficulty took place a few days before the sharp fall of traditional and cryptocurrency markets, when all major crypto assets lost a lot in price.

The fall in the price of the bitcoin leveled off all the gains in computing power over the past three months, pushing it to a level last seen around December 20. The situation had a particularly strong impact on miners that worked on older equipment, such as the Bitmain AntMiner S9 and other similar models.

The current decrease in complexity was the second largest in the history of the first cryptographic currency. In December 2018, the complexity of Bitcoin mining collapsed by 15.13% in one recalculation. Previously, such a decline was only observed in October 2011.

The level of difficulty of Bitcoin mining changes approximately every two weeks - after every 2 016 blocks. When a significant amount of processing power is withdrawn from the network during a 14-day cycle, it increases the time required for the miners to produce 2 016 blocks.

Thus, in the next recalculation, the difficulty of minimizing is reduced. Similarly, if there is a significant increase in processing power over a cycle, it reduces the average block creation interval, and the network increases the difficulty of mining in the next recalculation.

Due to the shutdown of some miners, the network hash rate has dropped to 99 EPS in the last two weeks, while in the first half of March it reached 121.6 EPS. This resulted in an increase in the average block production interval to almost 12 minutes, which subsequently extended the difficulty correction period to 17 days.