For the third time in a row, the bitcoin (BTC) mining difficulty be scaled up. This time the difficulty will be with as much as 12% be screwed upwards. The Bitcoin network adjusts the difficulty every 2016 blocks to ensure that transactions are processed every 10 minutes.
Hashrate herstelt
This difficulty adjustment is due to the recovering hashrate of the Bitcoin network. As the hashrate, or total computing power, of the network increases, there is more competition among the miners. As a result, the difficulty goes up with the result that the profits of the miners are lower.
This increase in difficulty is now the third in a row and the largest. Previous adjustments were 6.03%, then 7.31% and now 12%.
At the moment, the average computing power of the network is about 126 EH/s. That is at least 20% higher than it was at the end of July and 40% higher than the bottom at the beginning of July. Then the computing power was only 90 EH/s.
Nevertheless, the hashrate is still about 30% lower at the moment than at the absolute peak in May. Before China de far-reaching measures against bitcoin miners in the country, the hashrate stood at a whopping 180 EH/s.
American miners benefit
Due to the measures in China, the world of bitcoin mining was turned upside down for a while. Because miners in China were forced to stop their activities and move, miners in other countries were able to take advantage of this situation.
Mostly miners in the North America managed to make the most of the chaos caused by the developments in China. Many miners therefore reported record turnover in the second quarter of this year.
In addition, it seems very likely that this mining companies will continue this trend in the near future. This is despite the fact that the mining difficulty goes up and the profits of miners go down.
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