Bitcoin mining falls by almost 13%, the biggest decline of 2021

0 10
Avatar for jesusgarciaramirez
3 years ago

The processing power of the network rose this Sunday to 190 EH / s. the problems that have occurred during the last two weeks of April
represented the highest value in the history of the Bitcoin network. The figure, in combination with the hash rate, is a positive
sign on the health of the network as more and more miners are participating, which translates into greater security of transactions,
despite the recent drop and readjustment to lowers it. Which translates to what we know as the higher the demand, the more difficult
it is to find the product, therefore its performance also decreases in terms of profits.

It should be noted that adjustments in the difficulty of Bitcoin mining occur every two weeks or every 2016 blocks.
It is about the network regulating itself to ensure that the blocks are mined in time periods of 10 minutes.
This correction in my opinion is particularly due to the 2 downturns that the btc market had, in cryptocurrencies.
as reported by CriptoNoticias. "The price of BTC temporarily fell below $ 50,000. However, the price was recovering and is currently
$ 56,550," according to CoinMarketCap. These setbacks are necessary to boost yourself again and be able to break trends, that's all.

0
$ 0.00
Avatar for jesusgarciaramirez
3 years ago

Comments