{"id":20822,"date":"2018-12-03T22:01:52","date_gmt":"2018-12-03T22:01:52","guid":{"rendered":"http:\/\/ci027cfe6480112697"},"modified":"2025-01-28T16:10:02","modified_gmt":"2025-01-28T16:10:02","slug":"bitcoins-network-just-experienced-its-second-largest-downward-adjustment","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/bitcoins-network-just-experienced-its-second-largest-downward-adjustment","title":{"rendered":"Bitcoin\u2019s Network Just Experienced Its Second Largest Downward Adjustment"},"content":{"rendered":"
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As the market continues to tumble (and mining profits have dwindled), Bitcoin\u2019s mining difficulty<\/a> dropped by its largest percentile in seven years \u2014 the second largest downward correction in the cryptocurrency\u2019s lifetime.<\/p>\n

The last time bitcoin experienced an adjustment on par with this recent one was on October 16, 2011, when it dropped 13.1 percent. Just over two weeks later, the network would experience its most significant difficulty decrease, falling by 18 percent on November 1, 2011.<\/p>\n

Now, on December 3, 2018, the network\u2019s mining difficulty has fallen by 15.1 percent as mining profitability has waned in response to struggling prices.<\/p>\n

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#Bitcoin<\/a> just had its second largest drop in mining difficulty in history: -15.1%. This is the current ranking:<\/p>\n

2011-nov-01: -18.0%
2018-dec-03: -15.1%
2011-oct-16: -13.1%
2012-dec-27: -11.6%
2011-mar-26: -9,5%
2013-jan-26: -8.6%
2011-dec-01: -8.5%
2012-may-25: -9.2%<\/p>\n

— Fernando Ulrich (@fernandoulrich) December 3, 2018<\/a><\/p><\/blockquote>\n