As the Bitcoin network hash rate continues to recover among miners around the world Accumulate more abilities, Cryptocurrency is becoming more and more difficult to mine.
On Tuesday, the Bitcoin network released another mining difficulty adjustment, rise According to data from the blockchain browser BTC.com, the difficulty of 3.2% reaches nearly 19 trillion.
The latest adjustment made up for Bitcoin (Bitcoin) Since mid-July, the difficulty of mining has increased by more than 31% from about 13.7 trillion, which is the lowest difficulty level since June 2020.
New positive adjustments follow The difficulty of the batch dropped four times in a row It began to fall by nearly 16% in late May Issues related to global environment, society and corporate governance In Bitcoin as well China’s nationwide crackdown on cryptocurrency mining.
Despite five consecutive positive adjustments, the current difficulty of Bitcoin mining is still far from the historical high of more than 25 trillion set in May 2021.
Bitcoin mining difficulty is an indicator designed to reflect the mining difficulty of Bitcoin blocks. Higher difficulty levels require more computing power to verify transactions and mine new coins. Difficulty adjustments occur every 2,016 blocks or approximately every two weeks because Bitcoin is programmed to adjust itself to maintain a target block time of 10 minutes.
The continued increase in the difficulty of BTC mining coincided with the dramatic increase in Bitcoin’s hash rate (the total computing power used to mine and process BTC transactions).Bitcoin hash rate Soared to 150 exahash (EH/s) After plummeting to 52 EH/s in June, it returned to the level of early June in late August, indicating that miners were back online after China’s crackdown.