Bitcoin mining difficulty posts biggest drop since ASIC era | Crypto Craft

  • Bitcoin mining difficulty posts biggest drop since ASIC era

    From theblockcrypto.com

    Bitcoin's mining difficulty, a measure of the competitiveness for winning block rewards, has just posted the largest percentage drop since October 2011. The network adjusted its mining difficulty at 8:28 UTC time on Tuesday, which dropped by 16.05% from the previous level of 20 Trillion to right now 16.7 Trillion, according to BTC.com. Data compiled by The Block shows that has reset the record of the second-largest mining difficulty drop in bitcoin's history, which was previously seen on March 26 after the crypto market's mega sell-off on March 12.Today's adjustment also marks the largest percentage decline since ... (full story)

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TudorIoan
Nov 3, 2020 3:48am — Edited
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Ok, so everytime when the rain stops in China or the monsoon is low on rain transaction's fees will surge ?!?
We'll pay $12.82 fee for a $2 coffee ?????????
70 terawatt hours per year ???????????
This crypto trash consumes 511 kilowatt hours of electricity for one coin to change hands !!!
Bitcoin fanatics are imbecils !

WTF, bitcoin is not money !!! It just can't be ! It doesn't fkn scale !!
..."sound money" !!
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