While the Hashrate is increasing from BTC higher, Bitcoin mining difficulty is approaching all-time high-mining Bitcoin messages

>

In the past 90 days, the Hashrate of Bitcoin has increased higher and is slowly approaching the all -time high (ATH), which the network recorded six months ago in May. The accelerated hashate has led to the network difficulty has increased, since Bitcoin's mining difficulty has adapted up to now nine times in a row and the network difficulty recorded six months ago.

bitcoins mining difficulty approaches lifelong high

The mining difficulty of Bitcoin is approaching the all-time high of May 13, 2021. The difficulty of the network is basically a mechanism that Satoshi Nakamoto added to maintain a constant rate of almost ten minutes blocks. In addition, the difficulty makes the entire system stronger in terms of security, since a 51%attack is much more expensive and much more difficult to achieve.

If the hashrate changes every two weeks, the network takes into account the change, and if the hashrate increases the difficulty of Bitcoin mining ( btc ) also increases. If the hashrate experiences a sudden break-in, razzia in china , the difficulty is also reduced. When btc ’s hashate sank this year, the mining difficulty of the network sank by 39.8%.

The level of difficulty must increase by more than 10 % to achieve a new record high

The ATH of the difficulty on May 13, 2021 was about 25.05 trillion and two weeks later it was reduced to 21.05 trillion. After July 3 btc ’s mining-difficulty slipped to a low of 13.6 trillions after the greatest swivel connection in the Had experienced the network of lifespan. This massive decline down was about 27.94 % at the block height 689,472. Today, btc ’s mining-difficulty is 22.67 trillions and approaches its 25.05 trillion ATH terrible.

The end result is Bitcoin ( btc ) will be more difficult to break down in a short time than six months ago. The mining difficulty must be increased by the current position by 10.27% in order to exceed the record high of May 13. In the current SHA256 RENTABLITIVE rates, the chances of btc The mining swivel grade of ATH enough to get from ATH ago To exceed recorded level of difficulty is much larger. ASIC-Bitcoin mining rigs such as the Microbt Whatsminer M30S ++, Ipollos B2 and Bitmain Antminer S19 Pro still earn over $ 25 per day and pay $ 0.12 per kilowatt hour.

What do you think that Bitcoin's network difficulties approach the all -time high listed in May? Let us know your opinion on this topic in the comments below.

Bedy verification : Shutterstock, Pixabay, Wiki Commons