Bitcoin
The mining difficulty is on the way to reaching a new historical maximum at some point around midnight UTC in a sign of greater participation by the miners that makes the block chain safer.
The adjustment is likely to end within the following 100 blocks, with the projections that show that the measure will increase approximately 4% to 126.95 billion (T), eclipsing the current record of 123 T. The difficulty was 109 T at the beginning of the year, according to Coinwarz.
The increase reflects the growing long -term confidence in the value of Bitcoin, even when the activity in the chain and transaction rates remain low.
The difficulty adjusts every 2,016 blocks, and is driven by the hashrate of the network, which measures the total computational power dedicated to ensuring the network. The seven -day mobile hashrate is now 918 exahashes per second (EH/s), which has increased from 840 (eh/s) in the last two weeks. With peaks prior to 925 eh/s, any additional increase would mark a new record in hashrate.
Despite the increase in mining activity, transaction rates remain exceptionally low. A high priority transaction currently requires only 2 satoshis per virtual byte (sat/vb), which is equivalent to approximately $ 0.30. The higher the rate, the faster a transaction will be confirmed, since the miners prioritize the transactions that pay the more.
These figures suggest that, although the demand for transactions in the Bitcoin network is submitted, the miner power continues scale at new heights, highlighting a divergence between the use and growth of infrastructure.
