Bitcoin Mining Difficulty Adjustment May Force Miners To Dump Their BTC
Last week, the bitcoin hashrate touched a new all-time high after tremendous growth. While this was a welcome development, it had significant implications for the next mining difficulty adjustment which took place on Monday. As expected, the difficulty adjustment had jumped by double-digits, beating even the highest of forecasts. Difficulty Adjusts By 13.5% Over the last week, the forecasts for the bitcoin mining difficulty adjustment put it at a high of Related Reading: LUNC Community Clamors For Coinbase Listing, Can It Reach $1? 9-12%. These ranged from the conservative side to the....
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There is no bear market for the builders of the Bitcoin network as more and more BTC miners join the network, driving up the difficulty. It’s a new all-time high–for Bitcoin (BTC) mining difficulty. Hot on the heels of the Bitcoin hash rate hitting new highs, the difficulty adjustment, or the complexity that miners must overcome to solve valid blocks, has increased by 13.55%.Despite pressure from falling prices in 2022, the difficulty adjustment continues its steady march upward from the lows of August 2021. It hit an all-time high of 35.61 trillion on Oct. 10, following a period in which....
The difficulty adjustment for Bitcoin mining posted its first negative adjustment for 2021, dropping 1.5%. For the first time since November 2021, the Bitcoin (BTC) mining difficulty adjustment has dropped, correcting 1.49%. The move follows a succession of 6 consecutive positive difficulty adjustments, in which the mining difficulty and hash rate hit all-time highs. The average hashrate over the past two weeks fell to 197.19 exahashes per second (EH/s), and the average block time exceeded the 10-minute target, at 10 minutes 09 seconds. As a result of the difficulty adjustment, miners....
Data shows the Bitcoin mining difficulty has set a new all-time high after observing a 13.5% jump during the latest adjustment. Bitcoin Mining Difficulty Sees Highest Single Increase Since May 2021 According to data from BTC.com, the BTC mining difficulty now has a value of 35.61T after the adjustment today, marking a new ATH. An […]
Data shows the recent large negative Bitcoin mining difficulty adjustment has provided a significant boost to the miners’ revenues. Bitcoin Miners Observe Big Boost In Revenues After Difficulty Decrease As per the latest weekly report from Arcane Research, the BTC miner revenues have seen a 15% growth over the last seven days alone. A relevant […]
The Bitcoin mining difficulty has registered another positive adjustment today, which has led to the metric setting a new all-time high (ATH). Bitcoin Mining Difficulty Has Seen Four Consecutive Positive Changes Now The “mining difficulty” is a feature on the Bitcoin blockchain that controls how hard the miners would find it to hash blocks on […]