On-chain data shows the Bitcoin mining difficulty’s latest negative adjustment means the metric has now seen three consecutive downspikes for the first time in more than a year.
Bitcoin Mining Difficulty Suffers Third Straight Negative Adjustment
ដូចដែលបានចង្អុលបង្ហាញដោយអ្នកវិភាគនៅក្នុងគ្រីបតូក្វាន់ ក្រោយ, miner capitulation has meant that the hashrate has gone down recently, resulting in the difficulty going down.
"ការរុករករ៉ែ” គឺជាសូចនាករដែលវាស់បរិមាណសរុបនៃថាមពលកុំព្យូទ័រដែលភ្ជាប់ទៅនឹង Bitcoin blockchain ។
The total hashrate can be thought of as a representation of the competition between the miners on the network. Higher values of the metric mean more mining rigs are connected to the network and hence there is more competition between the individual machines.
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On the other hand, lower values of the indicator lead to lesser competition for everyone still connected to the network.
Another metric is the “ការលំបាកក្នុងការជីកយករ៉ែ.” Since the Bitcoin network has to maintain a constant “block production rate” (basically, it has to limit how many transactions can be handled per day), this mining difficulty keeps fluctuating to take into account for changes in the hashrate.
For example, when the hashrate suddenly rises up, miners start producing blocks faster than the limit. To counteract this, the network increases the difficulty during the next adjustment so that it becomes harder to mine and thus miners hash blocks slower.
The below chart shows the trend in the Bitcoin mining difficulty over the last couple of years:
Looks like the metric's value has plunged down recently | Source: គ្រីបតូក្វាន់
As you can see in the above graph, the latest three Bitcoin mining difficulty adjustments have been negative ones. The most recent of these was the largest such spike in the past year.
The reason behind this trend is that due to the recent low mining profitability, many miners have been forced to capitulate and sell off their mining rigs. This has lead to a decrease in the hashrate, which has ultimately resulted in the difficulty observing a plummet.
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The analyst in the post notes that miner capitulation has historically lead to the end of the bear market, which means the bottom could be near for the crypto.
តម្លៃ BTC
នៅពេលសរសេរ។ តម្លៃរបស់ Bitcoin floats around $22.5k up 6% in the past week. The below chart shows the trend in the price of the coin over the last five days.
តម្លៃនៃគ្រីបតូហាក់ដូចជាបានធ្លាក់ចុះក្នុងរយៈពេលប៉ុន្មានថ្ងៃចុងក្រោយនេះ | ប្រភព៖ BTCUSD ស្តីពី TradingView
Featured image from Dmitry Demidko on Unspash.com, charts from TradingView.com, CryptoQuant.com
Source: https://bitcoinist.com/bitcoin-mining-difficulty-3-negative-spikes-year/