The data in the chain shows that the difficulty of the Bitcoin network is configured to increase in the following adjustment and it is estimated that a new historical maximum (ATH) reaches.
Bitcoin’s difficulty will rise again in the next adjustment
“Difficulty” refers to a characteristic present in the Bitcoin block chain that dictates how difficult the miners currently find their mining task in the network.
The characteristic exists to guarantee only one thing: that the speed at which the miners join the chain remain constant. Every time the miners solve a block, they resort a block subsidy as compensation, so when blocking the speed of these validators of the chain, the difficulty makes them also obtain this reward at a constant pace.
The reason why Satoshi scheduled the difficulty in the block chain lies in the nature of the block subsidy itself. The coins that the miners gain of it are freshly mined, which means that every time they solve a block, the total supply of the cryptocurrency increases.
If the miners could accelerate indefinitely by adding more computer power, the supply of the asset would be flooded with tokens. But thanks to the existence of the difficulty, this fugitive inflation is an impossible scenario.
That said, miners can deviate from their usual rhythm for short periods, since diffusion cannot not an immediate change. More specifically, there is a window of approximately two weeks between each network adjustment.
The adjustments are totally automatic, with the difficulty that exactly changes in them to bring the miners to the standard rhythm of a block every 10 minutes.
The following adjustment will be established later today at midnight, UTC. Below are the details related to this Coinwarz event.
As is visible, Bitcoin miners have tasks an average of 9.58 minutes per blocking of the last weeks, which suggests that they have bone faster than network chickens.
The BTC block chain will now respond with an increase in difficulty, which is currently estimated at approximately 4.35%
The last adjustment also led to an increase in the indicator, although it was remarkably narrower. This new jump would take the metric to around 126.95 Terahas, which is a new record.
The ATH in the difficulty is reaching the average of 7 days of Bitcoin’s hashrate, a measure of the total computer power used by the miners, has been advancing towards a very high, as the data of Blockchain.com is shown.
BTC price
At the time of writing, Bitcoin is floating around the level of $ 105,800, more than 2% in the last seven days.
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