The difficulty of bitcoin network was raised to 20.08t for seven consecutive times

November 19, 2021
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According to the rules, bitcoin will reset the mining difficulty of miners every 2016 blocks, or about every 2 weeks.

Due to the environmental, social and corporate governance concerns of global bitcoin and China's new policy on encryption mining, the difficulty of bitcoin has decreased for four consecutive times since late May.

However, with the shock brought by the policy in the past, the bitcoin network has once again attracted an increase in difficulty. Bitcoin network ushered in the difficulty adjustment at the block height of 705600 at 4:27 a.m. today, and the difficulty of the whole network was increased by 0.95% to 20.08t. Since July 31, the difficulty of bitcoin has been raised seven times in a row.

Bitcoin mining difficulty is an indicator to reflect the mining difficulty of bitcoin blocks. Higher difficulty levels require more computing power to verify transactions and mine new coins. The continuous growth of BTC mining difficulty means that bitcoin miners are optimistic about the market trend, which promotes the prosperity of bitcoin network.

At the same time, it is noteworthy that the price of bitcoin has soared recently, which is only "one step away" from the historical high. As of press time, the price of bitcoin was $62489. People can't help but sigh that this is by far the most nourishing year for bitcoin miners.

But on the other hand, it was also a difficult year for miners. On the one hand, due to the influence of policies, many miners were forced to leave the original mining center - China; On the other hand, due to the lack of power resources, many miners can't find a suitable mine to dig.

At present, rhy is expanding the mine all over the world. At the same time, it also calls on miners to join the ranks of jointly building the mine. Miners participate in the investment and construction of the mine by means of equity subscription, which can not only obtain stable seats, can be managed and operated by themselves, but also enjoy the dividend income of the mine.

Of course, even the most common small white miners can find suitable mines around the world for mine hosting through rhy. May everyone find their own opportunities in this good era.