Bitcoin Mining Network’s Difficulty Adjusts 10% Up After a Historical Decrease

2019-1-2 23:08

Bitcoin’s difficulty has stabilized after a few months in which the difficulty rate declined in December. According to data provided by Bitcoin Wisdom, it is possible to see that the network’s difficulty experienced a substantial drop in November and December. Now, it has just adjusted upwards for the first time in a few months after a rough crypto market 2018.

Since August until the beginning of December, Bitcoin’s hash rate has been falling. Bitcoin (BTC) price fell to new year lows, something that affected the whole network. Miners were not able to keep mining with the same difficulty since it was not profitable. This is why several mining rigs have been disconnected and other miners shut down their operations.

Bitcoin’s network has a mechanism that automatically adjusts the difficulty rate of the equations that miners must solve to validate transactions. This difficulty increase shows that the mining industry was starting to recover after a downward adjustment in the difficulty rate between November and December.

The difficulty rate has been increasing during the whole 2018. The largest difficulty increase was registered on January 25, when it grew 16.84%. November and December concentrated 60% of all the downwards difficulty adjustments. The largest adjustment was registered on December 3rd, reducing the difficulty 15.13%. On December 31st, Bitcoin’s difficulty increased by 10.03%, the largest increase since July 29, 2018.

The investor and crypto entrepreneur Alistair Milne commented on Twitter about this difficulty increase. He made a reference to those saying that Bitcoin’s network was going to lose most of its miners due to the price decrease. However, the bitcoin mining network has just adjusted upwards and the hash rate seems to be recovering after a retrace of 50% since its all-time high in August 2018.

Remember the Bitcoin mining death spiral FUD? Mining difficulty just adjusted +10% pic.twitter.com/aAhENjWGFS

— Alistair Milne (@alistairmilne) December 31, 2018

Although there are not so many experts predicting a bull run in the short term, Bitcoin has proved to be behaving very positively in terms of fundamentals. There have been important improvements in the Lightning Network (LN) or an increase in the number of addresses registered.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 62997.12 (+0.16%)
Объем 24H $25.432b
Изменеия 24h: 3.02 %, 7d: 6.04 %
Cегодня L: $62516.25 - H: $63229.61
Капитализация $1240.81b Rank 1
Цена в час новости $ 3833.49 (1543.34%)

difficulty bitcoin months december network drop november

Источник: bitcoinexchangeguide.com

difficulty bitcoin → Результатов: 61


Bitcoin Hashrate Breakout Leads To Largest Difficulty Adjustment In A Year, But Why?

Data shows the recent surge in the Bitcoin hashrate has now resulted in the largest difficulty adjustment to the network in over a year. Bitcoin Mining Difficulty Spikes Up Following ATH In Hashrate According to the latest weekly report from Arcane Research, the BTC block production rate reached a value of almost 7 recently after […]

2022-10-13 22:00


Фото:

What Next Week’s Biggest Mining Difficulty Increase Since 2018 Could Mean For Bitcoin Price

Bitcoin’s mining difficulty – which is basically a measure of how hard it is to mine on the bitcoin network – is expected to experience its next adjustment in two days. According to data from blockchain research and analysis firm Coin Metrics’, the BTC mining difficulty could increase by as much as 15% during this […]

2020-6-15 23:54


Фото:

DevCon 4 Will Set the Stage for Ethereum’s Next Milestone: Constantinople

Ethereum is embracing the Constantinople milestone at the end of November 2018, after DevCon4 in Prague. Constantinople is the latest Ethereum release, introduced through a hard fork, that will include five Ethereum Improvement Proposals (EIPs):Bitwise shifting instructions (EIP 145) in the Ethereum Virtual Machine (EVM) allow for direct manipulation of bytes on the EVM layer.

2018-9-11 18:15


дальше еще 12 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Solana beats Ethereum in key areas: Are investors turning away from ETH?

Solana outperformed Ethereum in terms of fees paid out to validators. Usage on the Ethereum network declined, as the price of ETH fell. The popularity of the Solana [SOL] network has helped The post Solana beats Ethereum in key areas: Are investors turning away from ETH? appeared first on AMBCrypto.

Notcoin, its anticipated airdrop impact on Toncoin: 27% rise in 7 days

Several popular platforms and exchanges have announced the listing of NOT. Meanwhile, Toncoin’s price surged by 27% in the last seven days. Notcoin, a Telegram-based game, has recently emeThe post Notcoin, its anticipated airdrop impact on Toncoin: 27% rise in 7 days appeared first on AMBCrypto.

Arbitrum crosses ATH in this area, but why is ARB's price not responding?

Arbitrum saw a daily active address number of over 400,000. This was the first time in history that it saw such a number. Arbitrum [ARB] has recently achieved a new milestone in one of its cThe post Arbitrum crosses ATH in this area, but why is ARB's price not responding? appeared first on AMBCrypto.

Render price prediction: RNDR jumps 40%, is $15 next for this AI crypto?

RNDR leads with the most price growth in the last week. If bullish momentum continues, the token will trade above $11. The price of AI-based token Render [RNDR] has surged by over 40% in theThe post Render price prediction: RNDR jumps 40%, is $15 next for this AI crypto? appeared first on AMBCrypto.