Over the last month, the Bitcoin hashrate has marched above the 200 exahash per second (EH / s) zone, minus a few drops here and there above and below that range. Following two difficult changes that saw the difficulty decrease by 1.84%, the difficulty of the network is expected to increase by 4.24% within the next 13 hours.
The Difficulty of Bitcoin Expected Will Reach Ever-Malt
Bitcoin miners have taken two breaks over the past month as the difficulty has fallen twice in a row. The first 1.49% drop occurred at block height 725,760 on March 3, 2022, and the second decrease was 0.35% drop which occurred at block height 727,776 on March 17, 2022.
The two consecutive drops made it 1.84% easier for all mining participants to find it BTC blocks. While the difficulty was 27.97 trillion before the two reductions, the current difficulty is 27.45 trillion on Wednesday morning at 8:00 (ET). Within the next 13 hours, the difficulty is expected to increase this time around, jumping 4.24% higher if current estimates are correct.
With an expected 4.24% difficulty increase happening, Bitcoin’s network difficulty will break records reaching an all-time high (ATH). If the difficulty increases by 4.24%, then the difficulty will be 28.62 trillion over the next two weeks. Miners will deal with the most difficult parameter they have ever dealt with in their mining careers.
In addition, the difficult changes that have taken place since January 1, 2020, after a block altitude of 610,848, have moved at the fastest rate in the life of the network. For example, it took 4,015 days to reach a difficult rating of $ 13.8 trillion, or more than ten years. From that point after a block height of 610,848, with a difficulty estimate of 13.80 trillion, it took only 820 days or just over two years to reach the current 27.45 trillion.
At the time of writing, the network hashrate is at 204.27 EH / s and has been high for the last two weeks. As the hashrate fluctuated, it reached a low of 153.97 EH / s on March 6, and a high of 246.88 EH / s on March 22. At the same time, the highest mining pool on Wednesday is Foundry USA with 17.54% of the global hashrate. Foundry USA has 35.88 EH / s of hashpower and has found 77 blocks in the last three days.
In terms of global hashrate positions, Foundry USA is followed by Antpool, Binance Pool, Poolin and F2pool, respectively. Over the past 30 days, Foundry USA and Antpool have been the top two mining pools finding the most blocks (1,480 blocks combined) last month. It will be interesting to see how the mining pools deal with the upcoming ATH difficulty. Observers will watch to see how bitcoin miners and the hashrate are reacting to the era’s difficult change.
What do you think about the next difficult change of the network? Let us know what you think about this topic in the comments section below.
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