Miners are about to surrender, while Bitcoin exploration difficulties reach a new high

Miners are about to surrender, while Bitcoin exploration difficulties reach a new high

The Bitcoin miners have sent a record of Bitcoin to trades in the past few weeks because the problems with Bitcoin exploration have achieved their highest level. The exploration problem refers to the difficulties of reducing Bitcoin blocks. The blockchain adapts these difficulties every few weeks to maintain the processing time of 10 minutes. When the system's computing power increases, exploration becomes more difficult and the income of the miners is reduced.

The latest adaptation of the problems leads to tensions among the miners who have liquidated their extracted bitcoins. Some experts believe that the lack of increasing the miners has limited the upward trend of Bitcoin costs. With the latest change, the winnings of the miners will significantly drop, which can lead to you having to temporarily switch off your ASIC miners. This could lead to weaker miners out of the market and enable larger min operators to reduce more bitcoins.

There are signs that Miner could be on the move. The red flag of the Hash Ribbon, which pursues the system of the system over a period of 30 and 60 days, indicates that a surrender could be imminent. The departure of weaker miners could offer more incentives to the reliable miners and enable them to save part of their profits instead of selling them.

Despite the surrender of the miners, the Bitcoin whales, i.e. the great investors, have further increased their stocks. Since June 15, they have increased their stocks by $ 17 billion. This could indicate that you have confidence in the long -term value of Bitcoin. Overall, the data shows that miners sell their bitcoins while the whales continue to buy.

Despite these developments, the Bitcoin price remains relatively stable between 29,500 and $ 31,500. This could be due to the marketing voltages of the miners.

Overall, the situation of the miners indicates that the Bitcoin mining industry faces challenges. The adaptation of the mining difficulties, the surrender of weaker miners and the strong inflow of BTC to trade are factors that affect industry. It remains to be seen how this will affect the price of Bitcoin and the mining landscape.