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%.
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.
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.
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.
Image Source: Shutterstock, Pixabay, Wiki Commons, Btc.com, Coinwarz.com,
Disclaimer: This article is for reference only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin Network Does not provide investment, tax, legal or accounting advice. The company or the author shall not bear direct or indirect responsibility for any damage or loss caused or claimed to be caused by using or relying on any content, goods or services mentioned in this article.