The difficulty of mining in Bitcoin (BTC) was the highest level ever at 127.6 trillion this week, but it is expected to decrease during the next difficulty on August 9.
It is expected that the difficulty of mining is about 3 % to 123.7 trillion in the next modification period, and the average current mass time is about 10 minutes and 20 seconds, according to Coinwarz.
Data from Cryptoquant shows that the difficulty of mining decreased in June, with a sharp decrease at the end of the month and two weeks of July, when the difficulty decreased to 116.9 trillion. However, the level of difficulty in the long -term trend resumed in the last half of July.
The difficulty of Bitcoin mining, and the retail network-the total computing power committed to securing the network-is a fundamental order for mining workers’ profitability and maintaining the stock rate to the high flow of Bitcoin, which protects the BTC price from excessive production.
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Modify the difficulty of Bitcoin and the flow rate to the flow
The inventory ratio to the flow of the total supply of financial assets or the commodity against the newly created offer by miners or commodity producers.
The higher the percentage, the more flexible the origin or commodity is the changes in the prices resulting from excessive production; The lower the ratio, the more the original or the commodity affected by the new width.
This percentage is partially why silver is a gold diabetic. Silver has a stock rate to less gold flow. It attracts high silver prices from miners and producers to create more supply, which floods the market with the new silver and secures prices.
Bitcoin has a higher percentage of inventory to a gold flow, with about 94 % of the 21 million bid of BTC already canceled and trading in the market. In gold, in comparison, it does not have a hardening roof and an inflation rate of about 2 % annually.
“Gold scarcity, inventory to flow, is about 60 years old. Bitcoin scarcity is about 120 PlanbBitcoin price analysis facility to flow.
The adjustment of the difficulty makes the price of bitcoin unsuccessful for production, which fits with the total computing power spread by miners.
It is forbidden to control the difficulty in excessive production and subsequent collapse due to the throwing of the new supply in the market in large quantities over a short period of time.
Since more computing energy is published to secure the Bitcoin network, the difficulty increases in matching the new computing resources, while maintaining the production of the mass near the target of the protocol for 10 minutes as possible.
On the contrary, if the computing energy decreases, the difficulty of the network adapts to the bottom to ensure the extraction of new blocks at a fixed pace for about 10 minutes.
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