Data shows the Bitcoin mining difficulty has recently seen its fifth straight increase as the hashrate has continued to increase.
Bitcoin Mining Difficulty Has Gone Up By 3.55% In Latest Adjustment
The “mining difficulty” refers to a feature on the Bitcoin blockchain that controls how hard the miners would find it to mine on the network. For example, miners have to work more to solve the next block when its value goes up.
Now, why does this feature exist at all? The reason is that Satoshi wanted BTC’s block rewards (the rewards that miners receive as compensation for solving blocks) to be given out at a constant rate, no matter the network conditions.
The block rewards serve as the only way to mint new cryptocurrency tokens into existence. When miners increase their computing power (the “hashrate“), they naturally become faster at mining, producing blocks faster.
The miners then start receiving rewards faster, so the asset’s supply also begins growing at an accelerated rate
We współpracy z: https://bitcoinist.com/bitcoin-difficulty-5th-straight-rise-network-growth/
