Bitcoin computing power jumped 92% in 2 months, difficulty is expected to increase in 4 days – Mining Bitcoin News

The price of Bitcoin has risen sharply recently, and the computing power of the network is still higher than 67 days ago, when it hit a low of 69 exahash on June 28. The network will increase the difficulty change again in four days.

Bitcoin’s hash rate has increased significantly in 2 months

Bitcoin’s legal value has risen by more than 7% in the past 7 days, and its market value on Friday exceeded $950 billion. As of press time, Three-month computing power statistics Show from coinwarz.com BitcoinSince the end of June, the computing power has increased significantly.

At that time, Bitcoin miners from China faced government suppression and were forced to move to other countries. BitcoinHowever, the mining difficulty started to drop to 69 exahash per second (EH/s). At the end of May, the difficulty dropped by 15.97%, and two weeks later it dropped by 5.3%.

Computing power follows price: Bitcoin computing power has skyrocketed by 92% in 2 months, and the difficulty is expected to increase in 4 days
Bitcoin hashrate on Friday, September 3, 2021. 133 EH/s was measured in three months.

After the computing power plummeted to 69 EH/s, the Bitcoin network experienced the largest epoch mining difficulty decline in the protocol life cycle. July 3, 2021 Difficulty of mining Reduced by one Up to 27.94% Two weeks later it Down 4.81% again July 17.

Computing power follows price: Bitcoin computing power has skyrocketed by 92% in 2 months, and the difficulty is expected to increase in 4 days
Within four days, the mining difficulty of the Bitcoin network is expected to increase by more than 2%, reaching a possible 17.98 trillion.

Thereafter, for the remainder of July and throughout August, BitcoinThe price and computing power of the company have rebounded greatly. On July 17, the downward difficulty change followed First increase It rose 6.03% on July 29, and fell four times in a row.

The upcoming difficulty change may increase the difficulty of finding Bitcoin blocks by 28%, and the increase will eliminate the biggest downward difficulty shift in July

Since then, the hash rate has been stable and Bitcoin Since the 6.03% rise, it has risen twice in total, and the last rise Skipped 13.24%. Before the sharp rise and after the 6% surge, the mining difficulty also jumped by 7.31%.

Today, the hashrate data of coinwarz.com shows Bitcoin The network glides at a speed of 133 exahash per second. At the current rate, four days later, BitcoinThe difficulty of mining is expected to rise from 17.62 trillion to 17.98 trillion.This will be a Increase by 2.07% At the time of writing, but depending on the hash rate, it may increase or decrease from then on.

Computing power follows price: Bitcoin computing power has skyrocketed by 92% in 2 months, and the difficulty is expected to increase in 4 days
Bitcoin hashrate distribution on Friday, September 3, 2021.

Today’s top mining pool Bitcoin The computing power is the ant mining pool, which accounts for 16.24% of the network or 20.52 EH/s computing power. Viabtc follows Antpool with 13.69% of network computing power or 17.3 EH/s. Then there are Poolin (11.37%), Btc.com (9.98%), F2pool (9.98%), Foundry USA (9.51%), Binance Pool (9.05%) and unknown computing power (7.89%).

If the estimate is correct and the difficulty has increased by 2.07% in four days, this means that the difficulty of finding Bitcoin may have increased by 28.65% since July 31 (Bitcoin) Block in September 2021.

What do you think of the stable hash rate and increased difficulty changes in the four days from now? Please tell us your thoughts on this topic in the comments section below.

Tags in this story

Down 27%, 4 times, 8 times, Block time, Bitcoin difficulty, Bitcoin Network, Chinese miners, difficulty, Exahash, Computing power, Computing power, Computing power, Biggest drop, The biggest drop in history, Memory pool, Mining operations, Mining pool, Network difficulties, Overall computing power, SHA256 computing power

Image Source: Shutterstock, Pixabay, Wiki Commons, Btc.com, Coinwarz.com,

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