5% Jump to the New Horse

The data in the chain shows that Bitcoin challenge is directed to an increase of 5% on Saturday, which will make BTC mining the most challenging so far.

Bitcoin difficulty will rise in response to hashrate healing

“Difficulty” refers to a metrical metropolitan area that monitors miners to fulfill their mining tasks in the Bitcoin block chain. The value of this indicator varies every two weeks in events known as network adjustments.

These adjustments are completely automatic and are directed by the code Satoshi wrote to the crypto currency years ago. The creator in question added this feature to the BTC for a purpose: to ensure that the speed of completing the tasks of miners is almost constant.

As well as common information, verifiers in the Bitcoin network benefit from information processing power to ‘mine’ blocks. Theoretically, the more power they add, the faster they should be in their duties.

However, the BTC network does not want it, so it increases its difficulty when miners increase the total information processing power, also known as hashrate. The increase is always sufficient to restore miners’ speed to 10 minutes per block.

If the verifiers do not perform their tasks fast enough, the network can also reduce their difficulty. Reduction, once again, every 10 minutes of block is a degree that will facilitate enough things for me.

The next difficulty adjustment for Bitcoin is planned for tomorrow. Data below Mercenary This shows how the metrical will change in this event.

Looks like the metric's value is set to go up | Source: CoinWarz

In this adjustment, Bitcoin difficulty will increase by 5.63% in this adjustment due to miners who pump blocks rapidly for 9.47 minutes per block.

The difficulty of increase will lead to 120.17 trillion mixture, which is higher than the 114.16 trillion mixture (ATH), which returned in February.

The trend in the BTC Difficulty over the last few months | Source: CoinWarz

For the last few weeks, the rapid tempo of Bitcoin miners, as usual, is the result of an increase in hashrates. For the 7 -day average value of metric screens, the following graph is the power of the miners broke a new record at the end of last month, before seeing a small retreat at the previous AC levels.

The Hashrate appears to have been going up in recent weeks | Source: Blockchain.com

Miners make most of their revenue through the block subsidy, and mine makes a fixed BTC award with each block. However, as the difficulty enables miners to continue to the miners as they are always, an increase in Hashrate does not increase their total income.

In fact, as the fresh information processing power joins the network, the share of the cake that everyone receives shrinks. Thus, as the upcoming sharp challenge increases, things can be difficult for miners.

Since some miners may have to break with the network, it is possible to monitor this adjustment of a hashrate. However, a scenario where the increase may be sustainable is that the price of Bitcoin increases in the coming days and thus increases the miner’s income as USD. However, it is seen how the crypto currency will develop.

BTC price

During the writing, Bitcoin was traded around $ 83,300 last week with a 1% drop.

The trend in the BTC price over the last five days | Source: BTCUSDT on TradingView

Specific image from DALL-E, Blockchain.com, coinwarz.com, graphics from tradingView.com

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