The sharp fall of Bitcoin (BTC) over several weeks seems to be over, and as a result, the difficulty of extracting its network, which is an integral part of it, has been restored. Network hardness is the variation by which a cryptocurrency competes by adding a new block of Bitcoin (BTC) to its network.
Bitcoin difficulty touches 14.5 trillion with a 6% growth.According to a new update from the Bitcoin China Blockchain, its difficulty has increased for the first time since May 13, 2021.
At 7:35 a.m. UTC today, the benchmark rose more than 6 percent from 13.67 trillion to 14.5 trillion, but it is still a long way from the ceiling, and this growth has come after a sharp decline.
Since mid-May, the Bitcoin difficulty is the first time in history that a negative has been seen five times in a row. This index of its historical ceilings has decreased by about 25.05 trillion to the levels of December 2019.
In addition, the average bitcoin hash rate also increased during this period and returned above the 100 exacerbation limit per second. It is currently about 112.82 exacerbations per second.
New route of mining centersThe early success of Chinese miners in migrating could be the main reason behind the growing hardship of the Bitcoin network. As previously reported by U.today, the United States is one of the main destinations for miners to relocate their miners from China.
Kazakhstan, Mongolia, Pakistan, and even some African countries have also been other destinations for miners.
Source:
https://u.today/bitcoin-btc-difficulty-sees-first-positive-adjustment-since-may