[Blockchain Today Reporter Park Yohan] While the weekly moving average of the hashrate has reached an all-time high, the difficulty of mining Bitcoin (BTC) will reach another all-time high, and it will be the second largest surge this year, Cryptonews reported. Reported.
According to reports, the measure of the difficulty of mining bitcoin, that is, the difficulty of competition for mining rewards, could rise to 23.05T in less than two days, and reach another all-time high, according to Mining Pool BCT.com’s measurements. This follows the highest difficulty 21.87T recorded during the last adjustment two weeks ago.
This figure will also lead to difficulties with the highest score of the 21 T level, the highest to date and has been maintained this year.
The change of 5.43%, which is expected to cause the difficulty of 23.1 T this year, is the second highest increase this year, showing 10.79% in January.
According to BitInfochart, the computing power of networks called hashrate is also increasing. The moving average of the simple hashrate over the 7 days reached 145.4807E on March 25th, falling slightly to 143.3174E after hitting a record high.
Bitcoin’s mining difficulty is adjusted every two weeks (more precisely, every 2016 block) to maintain the usual 10-minute blocking time. The simple moving average block time on the 7th of March 30th was 9.6 minutes.
Meanwhile, according to Bytetree, miners are consuming rather than holding coins. They spent 316 BTC a day and 763 BTC a week. In general, miners stock up during market weakness and sell when they are strong.
At 14:56 UTC, BTC trades at $58,669, little changed during the day. It showed an increase of 7.5% over one week.
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