Altcoin News: Bitcoin Mining Difficulty Approaches 10 Trillion Hashes

August 5, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The Bitcoin network experienced another recalculation of mining complexity that night, as a result of which the value increased by 10.78% and for the first time approached 10 trillion hashes.

According to the portal BTC.com, while maintaining the current dynamics in the next recalculation of complexity in 2 weeks, the value may increase by almost 11% and exceed 11 trillion.

The increase in complexity occurs against the background of a steady increase in the hash rate of the Bitcoin network. According to BTC.com, in the last two-week period, the average computational power was 71.43 EH / s. Compared to mid-July levels, the indicator increased by 6.94 EH / s.

As noted by CoinDesk based on the fact that the growth of the hash-rate value was due to the connection of advanced miners over the past 2 weeks in the network could be added more than 100,000 ASIC devices worth about $200 million.

Earlier, Chinese miners predicted that this summer hash RTG Bitcoins will exceed 70EH / s. Local businesses traditionally enjoy the benefits of lowering electricity prices during the rainy summer period to increase their computing power.

On July 20, a hash rate of about 79 EH / s was recorded, which is 8 times higher than the levels observed at the price maximum at the end of 2017.

Author: Marko Vidrih