Next Bitcoin Mining The change of difficulty is expected to lose weight because the block times have extended-mining Bitcoin messages

The last two mining difficulties in the Bitcoin network have driven the difficulty on an all-time high, which led to a reduction in the hashrate and the block interval speed. Before the last increase in the difficulty in retargeting by 4.68 %, the block intervals were faster than the 10-minute average, with about 8 minutes 54 seconds to 9 minutes 31 seconds. However, the block times have slowed down since the change, with statistics showing 36 seconds for a period of 10 minutes to 10 minutes to 10 minutes.

below average block intervals can lead to a decline in bitcoin.

The next change in the mining difficulty is planned for February 12, 2023. At the time of writing, the metrics indicate that the difficulty could sink as low as possible below The current course. The decline in the estimated mining difficulties for Bitcoin is due to below-average block intervals. The block times were faster before the last two difficulty increases, which led to the increases. The data is currently showing that the block times have slowed down since the last change of difficulty, with the times of 10 minutes 44 seconds to 10 minutes enough.

The Hashrate of Bitcoin was below average with an average of 279 exahash per second (EH/s) in the last 2,016 blocks. From 11:30 a.m. ET on February 4, 2023, statistics show the Hashrates at 258 EH/S. On February 1, 2023, the overall Hashrat fell to 217 EH/S after it had reached a maximum of 279 EH/S the day before. The Hashrate then climbed and reached on February 2, 309 EH/S, before she went back to your current level of your current level from 258 eH/s .

From Saturday Foundry USA is the best Bitcoin mining pool 90.61 exaHash per second (eh/s) or 33.4 % of the entire hashrate. Antpool (18.14 %), F2Pool (14.08 %), Binance Pool (13.13 %) and Viabtc (9.07 %) follow on Foundry. Thirteen known Bitcoin mining pools contribute to the blockchain, while unknown miners, who are known as stealth miners, control 1.67 % of the hashrate or 4.53 EH/s. If the slowdown of the block intervals leads to a reduction in difficulty in eight days, the miners get a two -week breathing space from the always high difficulty.

What effects will the reduction in Bitcoin's mining difficulty on the entire network and the hashrate of the cryptocurrency? Share your opinion on this topic in the comment area below.

Jamie Redman

Jamie Redman is the news manager at Bitcoin.com News and a Journalist for Financial Technology living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com news about the disruptive protocols that arise today.

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