For the third time in a row, a file appeared Bitcoin (BTC) Mining difficulty can be expanded. This time it will be difficult as much as 12% It is screwed up. The Bitcoin network adjusts the difficulty every 2016 blocks to ensure transactions are processed every 10 minutes.
This adjustment difficulty is due to Recovering Hash rate Bitcoin network. As the hash rate, or total computing power, of the network increases, there is more competition between the two miners. Thus, the difficulty increases as a result of the miners’ lower earnings.
This difficulty increase is now the third in a row and the largest. Previous edits It was first 6.03%, then 7.31% and now 12%.
At the moment, the average computing power of the network is about 126 EH/s. This is certainly 20% higher than it was at the end of July and 40% higher than the bottom at the beginning of July. Then the computing power was only 90 EH / s.
However, the hash rate is still about 30% lower at the moment than it was at its absolute peak in May. before china far-reaching measures For bitcoin miners in the country, the hash rate was 180 EH/s.
American miners benefit
Because of the actions in China, the bitcoin mining world has been turned upside down for quite some time. Because miners in China were forced to stop their activities and move, miners in other countries took advantage of this situation to a great extent.
especially Miners in North America I was able to make the most of the chaos caused by developments in China. Therefore, many miners reported record turnover in the second quarter of this year.
In addition, it seems very likely that this Mining Companies will continue this trend in the near future. This is despite the fact that the mining difficulty goes up and therefore miners’ profits go down.