Good news for Bitcoin miners: difficulty dropped again today.
Bitcoin mining: current levels of difficulty
Difficulty is the level set automatically by Bitcoin’s protocol for those who mine blocks, and it updates every two weeks or so, or every 2,016 blocks.
On 6 December there had already been a sharp decrease in difficulty, but on the 19th it had increased slightly again.
The all-time high was reached between 21 November and 5 December, when it touched 37 T.
The thing is, the previous week marked the all-time peak in hashrate, which is the computing power committed globally to Bitcoin mining. Because of that high level of hashrate, the average time taken to mine blocks had dropped below 9 minutes, whereas in the Bitcoin protocol, it is expected to be about 10 minutes.
At that point, an increase in difficulty was inevitably triggered to lengthen the average time it takes to mine a block. In fact, after 21 November the block-time went up to as much as 13 minutes, partly be
We współpracy z: https://en.cryptonomist.ch/2023/01/03/bitcoin-mining-difficulty-decreasing/
