BTC
$22890.73

0.00%

BTC
URL bitcoin.org
$ 22890.73
Market Value $ 4,805.12 million
Change 0.00%
power 286.31 EH/s
Daily output 0.00000320 BTC / T
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

+114.80%
DCR
$22.9986

0.00%

DCR
URL decred.org
$ 22.9986
Market Value $ 4.83 million
Change 0.00%
power 76.67 PH/s
Daily output 0.00000390 DCR / G
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

-88.83%
LTC
$97.05

-0.04%

LTC
URL litecoin.com
$ 97.05
Market Value $ 81.52 million
Change -0.04%
power 720.42 TH/s
Daily output 0.00001044 LTC / M
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

+37.53%
BCH
$133.43

0.00%

BCH
URL bitcoincash.org
$ 133.43
Market Value $ 28.02 million
Change 0.00%
power 1.58 EH/s
Daily output 0.00055725 BCH / T
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

-81.03%
ZEC
$43.85

+0.02%

ZEC
URL z.cash
$ 43.85
Market Value $ 9.21 million
Change +0.02%
power 8.81 GH/s
Daily output 0.00027006 ZEC / K
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

+46.35%
DASH
$62.33

0.00%

DASH
URL dash.org
$ 62.33
Market Value $ 11.78 million
Change 0.00%
power 2.13 PH/s
Daily output 0.00024498 DASH / G
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

-62.63%
ETC
$22.455

0.00%

ETC
$ 22.455
Market Value $ 47.31 million
Change 0.00%
power 133.56 TH/s
Daily output 0.00012355 ETC / M
Halve time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

-26.24%

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Your Location: Home > News > Details

The mining difficulty of the Bitcoin network is expected to increase again

2021-08-12 18:07

After the hash plummet in May and June, Bitcoin's hash dropped to 69 per second (EH/s) on June 28 and has been rising steadily. The increase in hash will naturally lead to an increase in the difficulty of mining. On July 31, the BTC network ushered in a difficulty adjustment at the height of 693504. This time the difficulty was adjusted to 14.5T, an increase of 6.03%. This is the first increase in difficulty after four consecutive reductions.

We expect that the upcoming mining difficulty adjustment will again lead to an increase, and it is expected that the mining difficulty will increase to 7.72% to 15.62T. There is still one day left to increase the difficulty. Because of the self-regulation mechanism of the Bitcoin system and the laws of market economy, there is a feedback cycle between hash, hash difficulty, and price.

Under the premise that the infrastructure remains the same, the higher the bitcoin price, the stronger the attractiveness of mining, the increase in hashes across the network, the fiercer competition among miners, and the higher the difficulty of mining (the system will adjust the difficulty in the next cycle, which has a certain degree of Hysteresis), while the cost becomes higher.

The increase in the difficulty of the entire network means that the hash of the entire network is growing in a short period of time, which is an important manifestation of the industry's recovery and shows that the market is full of confidence. From historical experience, the loss of revenue brought about by the improvement of the whole network hash can generally be compensated by the premium of the secondary market. For miners, the increase in cost is almost negligible.

The recent adjustment of the difficulty of the entire network shows that more mining machines are on the shelves, and the overall recovery of the entire industry is in line with the long-term interests of miners. Obviously, it is a good time to start mining, because the difficulty adjustment has just begun, and the price of mining machine leasing and cloud hash has not yet risen to the highest point, so you can participate in mining at a relatively low cost.

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