Bitcoin mining (BTC) can become the most problematic moment that has ever occurred in five days. Meanwhile, the excavators continue to spend.
If the BTC.com indicators work, the problems with Bitcoin mining or the proportion of the fact that it is so difficult to get a reward for mining will increase by almost 3% during the next change, leading to an increase to 17.45 T – another record maximum.
The last unsurpassed maximum was 17.35 tons, which changed three times in mid-July. From that point on, the problem persisted until the top of the 16 T finish, being close to the edge of the 17 T as a level it reached only once in July. Maybe the next time will be in five days.
Meanwhile, the hashreate (computational intensity of the system) is experiencing some difficulties. As announced yesterday, it fell by about 25% in just three days, as heavy rains and floods hit Sichuan in southwestern China.
As Kevin Pan, the CEO and the main supporter of the Poolin Bitcoin Mining pool, said, parts of the diggers had to shut down their cars due to a power outage or even proactively guarantee the safety of personnel on the ground.
According to Bitinfocharts.com, BTC’s hashreate has dropped 4% in the last 24 hours. The 7-day straight moving normal (diagram at the bottom) shows a rise until August 16, and a subsequent drop of 2% until August 18.
As an update, the Bitcoin Mining problem is balanced as a clockwork mechanism (or, more unambiguously, every 2016 squares) to support a typical 10-minute square time.
On the other hand, while the cost of bitcoins continues to hover around the $12,000 mark, excavators continue to spend more of their BTC than they were created. Seven days earlier, for example, 377 more coins had been sold than were produced.
BTC currently (6:51 UTC) costs US$11,779. It fell by 3.9% per day and increased by 4% in seven days.