bitcoin when finding a certain level for a long time BTC A new record came from mining difficulty.
According to data from BTC .com, bitcoin mining difficulty It rose 3.22%, reaching an all-time high. In the measurement on May 4, there was a decrease of 1.45%.
In this context, Bitcoin mining difficulty reached 49.55 trillion hashes, while Bitcoin’s mining difficulty reached 49.55 trillion hashes. hash rate rate was also increased. BTC The hash rate also reached 368.5 EH/s.
There is no close correlation between BTC price and Bitcoin mining difficulty and hash rate. Increasing network difficulty makes the network more secure and increases competition among miners.
When we look at the historical data, the change in the hash rate BTC We see that there is a need for large fluctuations that can activate the algorithms in order to be reflected in the price.
The difficulty of mining Bitcoin usually increases as more miners are online, which increases competition. Miners are rewarded with Bitcoin for verifying transactions on the network. Their profitability largely depends on the Bitcoin spot price and mining difficulty.
What is Bitcoin Mining Difficulty?
Bitcoin difficulty is an automatically adjusted property that determines how difficult it is to mine a Bitcoin block.
The mining difficulty of the Bitcoin network changes every 2,016 blocks and is automatically updated. The reason for this is to keep the average block production time as 10 minutes.
*Not investment advice.
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