2021’s Largest Epoch Drop: Bitcoin Network’s Mining Difficulty Dips Over 12%, Hashrate Nears 200 Exahash

2021’s Largest Epoch Drop: Bitcoin Network’s Mining Difficulty Dips Over 12%, Hashrate Nears 200 Exahash


Bitcoin’s mining difficulty has seen a massive drop this week, as the metric slid 12.6% and was the largest difficulty drop in 2021. The mining difficulty decline follows the recent electrical outages in China which had affected the network’s hashrate to some degree. Following the difficulty drop, Bitcoin’s hashrate is climbing northbound again nearing the 200 exahash per second zone.

Bitcoin’s Mining Difficulty Drops 12% Allowing the Hashrate to Climb Higher

On April 18, 2021, Bitcoin.com News and a number of crypto publications reported on Bitcoin’s (BTC) hashrate dropping after reports noted that in China the Xinjiang grid is having electrical blackouts. Initial reports estimated the loss of hashrate was above 40% but other reports mention the loss could have been between 12.61% to around 25%.

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On April 21, 2021, Coin Metrics’ founder Nic Carter said five-day stats had shown the Bitcoin (BTC) hashrate only lost around 25%. Whatever the exact number may be, BTC’s network hashrate at the

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