The difficulty of Bitcoin mining has increased sharply, which may be a harbinger of recovery in the price of coins
Editor's Note: This article comes fromNakamoto Shallot (ID: xcongapp), Odaily is authorized to publish.
Editor's Note: This article comes from
Nakamoto Shallot (ID: xcongapp)
Nakamoto Shallot (ID: xcongapp)
, Odaily is authorized to publish.
The dynamic adjustment mechanism of Bitcoin mining difficulty is the key to the success of this consensus mechanism. Yesterday, the Bitcoin mining difficulty was raised by nearly 7% to 16.55T at one time. According to btc.com data, the current Bitcoin network computing power is 121.95EH/s, there are still 12 days before the next difficulty adjustment. It is expected that the mining difficulty will rise again by more than 7% to 17.75T in the next difficulty adjustment, which will further refresh the historical high level.
The mining difficulty of Bitcoin is generally adjusted every two weeks or every 2016 blocks. When miners flood into the market, the mining difficulty will rise simultaneously, which will make it more difficult to obtain new block rewards. And if the miners stop mining, the difficulty of mining will decrease and the market will be in a relative dynamic equilibrium.
