Bitcoin Difficulty Hits All-Time High, Adjusts Positively for 8th Consecutive Time

2025-1-13 13:58

New records continue to be set in the bitcoin (BTC) ecosystem, which has seen the mining difficulty adjustment rise to a new all-time high of 110.45T (trillion). 110.45 trillion means that the difficulty is approximately 110.45 trillion times harder than it was at the time of Bitcoin's genesis block.

The difficulty adjustment adjusts every 2,016 blocks and recalibrates to ensure blocks are mined on average every 10 minutes.

This is now the eighth consecutive positive adjustment in difficulty, which puts further pressure on miners as the industry becomes more cutthroat and harder to mine a block to receive bitcoin rewards.

This is one of the reasons why some of the publicly traded miners have pivoted into the high-performance computing (HPC) and artificial intelligence (AI) industries as they couldn't survive on by mining bitcoin alone. In addition, we have seen MARA Holdings (MARA) issue convertible bonds to buy bitcoin. On top of MARA optimizing revenue by lending out their bitcoin to obtain single digit yield.

This isn't the first time we have seen this many consecutive positive adjustments. We have seen these types of records in the past, during the summer of 2021, shortly after the China mining ban, which saw the hashrate drop by roughly 50%.

Shortly after this event, from July to November 2021, the difficulty put in nine consecutive positive adjustments with the last adjustment coinciding with the bull market top when bitcoin hit around $69,000. Bitcoin then went into a bear market for the entirety of 2022. The last positive adjustment marked the top in 2021.

However, the opposite occurred in 2018, when bitcoin made 17 positive adjustments from December 2017, coinciding with the bull market top when bitcoin was around $20,000. One small negative adjustment followed in July 2018, when the price was roughly $6,000.

The network then went onto make a further six consecutive positive adjustments before seeing multiple negative adjustments around Q4 2018, when bitcoin put its bottom for the cycle at around $3,000.

No clear trend emerges when bitcoin puts in this many positive consecutive adjustments, but it has indicated near cycle tops and bottoms in the past. However, it is important to recognize the continued strength of the hashrate, on a 7-day moving average, is at 775 EH/s, with CoinDesk research implying 1 zettahash per second can be reached before the next halving.

origin »

Bitcoin (BTC) на Currencies.ru

$ 95800.06 (+0.08%)
Объем 24H $22.609b
Изменеия 24h: -0.56 %, 7d: -0.59 %
Cегодня L: $95202.86 - H: $96414.76
Капитализация $1899.557b Rank 1
Цена в час новости $ 90644.42 (5.69%)

consecutive bitcoin adjustments positive many marked bottoms

consecutive bitcoin → Результатов: 126


Фото:

Markets Update: BCH and BTC Set to Post Record 5 Months of Consecutive Red Candles

Despite the short-lived rally leading up to Christmas, BTC appears poised to post a fifth consecutive red candle on the monthly chart for the second time ever. BCH also looks ready to extend its record bear streak to five months of red, while ETH appears poised to post a monthly gain for the first time […] The post Markets Update: BCH and BTC Set to Post Record 5 Months of Consecutive Red Candles appeared first on Bitcoin News.

2018-12-28 21:45


Basic Attention Token Price Analysis: BAT Retraces After Coinbase Effect Boost, but up 4% Today

Known as the Coinbase effect, cryptocurrencies typically undergo appreciation upon listing to Coinbase. Basic Attention Token (BAT), the most recent cryptocurrency to list on Coinbase Pro, did receive a price boost of up to 50% leading up to and after the event, but then sharply declined for consecutive days losing all the gains.

2018-11-13 19:54


0x Project Continues Appreciation Week After Coinbase Listing

0x Project, ZRX, became the sixth project listed to Coinbase Pro last week. It was one of the few cryptocurrencies which performed well given last weeks drop. However, it seems like the spike on Monday has spurred investors and traders to want to buy more of this asset with three consecutive days of increases on […] 0x Project Continues Appreciation Week After Coinbase Listing was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-10-18 17:13


Фото:

Bitcoin Remains Firm Around $6,500 Mark for Fourth Consecutive Week: BTCManager’s Week in Review

The price of bitcoin remained stable around the $6,500 mark through the week to close effectively unchanged versus last week’s close. This marks the fourth consecutive week that bitcoin has found a footing around the $6,500 level, which has prompted several bitcoin community members to refer to bitcoin as the “new stablecoin.

2018-10-10 11:00


Фото:

Bitcoin, Ether, XRP Weekly Market Update: September 27, 2018

BTC closed September 20, 2018, at $6,493 with substantial gains of approximately $100 and a third consecutive green candle on the daily chart. BTC-USD The U.S. Securities and Exchange Commission (SEC) stated on September 20 that it has begun a review process for the physically-backed bitcoin ETF proposed by VanEck and SolidX and will once again delay its decision in...The post %%POSTLINK%% appeared first on %%BLOGLINK%%.

2018-9-27 19:00