{"id":2705,"date":"2022-03-18T20:44:37","date_gmt":"2022-03-18T20:44:37","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=2705"},"modified":"2022-03-18T20:44:37","modified_gmt":"2022-03-18T20:44:37","slug":"bitcoin-miners-catch-a-second-break-with-another-downward-difficulty-adjustment","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=2705","title":{"rendered":"Bitcoin Miners Catch a Second Break With Another Downward Difficulty Adjustment"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p><strong>Five days ago, Bitcoin\u2019s hashrate had shown improvement as it increased 15% over the course of ten days and today, the computational power remains above the 200 exahash per second (EH\/s) region. Meanwhile, bitcoin miners caught another break on Thursday, as the network\u2019s mining difficulty adjusted downward for the second time in a row, making it 0.35% less difficult to find a block reward.<\/strong><\/p>\n<h2>Bitcoin\u2019s Mining Difficulty Drops for Second Time in a Row at Block Height 727,776<\/h2>\n<p>At the time of writing, the computational power behind the Bitcoin (BTC) network is coasting along at 213.27 EH\/s, and for a majority of the time during the last seven days BTC\u2019s hashpower has remained above 200 EH\/s. On Thursday, at block height 727,776, bitcoin miners caught a break when the network\u2019s mining difficulty dropped downwards 0.35%. The 0.35% slide is the second drop in a row after the network\u2019s difficulty slid 1.49% on March 3.<\/p>\n<p>With the two difficulty drops combined, it is now 1.84% easier to find a bitcoin block subsidy than it was before March 3. On that day, the difficulty was 27.96 trillion and at the time of writing, Bitcoin\u2019s network difficulty is 27.45 trillion. The downward drop on Thursday at block height 727,776 was a small shift downward, as it was expected to increase according to estimations recorded on March 13. While the difficulty has seen two consecutive decreases, prior to those adjustments, the difficulty increased six times in a row.<\/p>\n<h2>Foundry USA Commands This Week\u2019s Top Mining Pool Position, Educated Estimates Guess the Mining Difficulty Could Increase During the Next Shift<\/h2>\n<p>Despite the 1.84% difficulty decrease over the last month, BTC\u2019s mining difficulty is still the highest it\u2019s been during the network\u2019s lifetime. The network\u2019s all-time difficulty high was the 27.96 trillion that miners dealt with before the 1.49% dip at block height 725,760. Furthermore, there are still 11 known mining pools dedicating hashpower to the network and around 2.35 EH\/s of hashrate belongs to unknown miners. Stealth miners \u2014 often referred to as an \u201cunknown\u201d pool \u2014 have found 12 bitcoin blocks during the last week.<\/p>\n<p>Seven-day statistics indicate that Foundry USA was the week\u2019s top bitcoin mining pool capturing 228 bitcoin blocks. Weekly metrics show Foundry USA commands 21.76% of the global hashrate, or 44.62 EH\/s. The second-largest miner in terms of seven-day hashrate stats is F2pool as the pool acquired 141 bitcoin block rewards this past week.<\/p>\n<p>F2pool\u2019s hashrate represents 13.45% of the global hashrate with the pool\u2019s 27.59 EH\/s of hashpower. Foundry USA and F2pool are followed by Antpool, Poolin, and Viabtc, respectively, in terms of the top five mining pools during the past week. With the current hashrate speed it is estimated that the next difficulty change will take place in just over 12 days from now.<\/p>\n<p>As mentioned above, the estimation of exactly when the adjustment will happen and how much it will decrease or increase is an educated guess made by leveraging current statistics. Estimations currently show the difficulty change in 12 days\u2019 time could be a 0.57% increase. Although, by the time it gets closer, Bitcoin\u2019s difficulty change could increase a lot more than that, or even experience another downward adjustment.<\/p>\n<p>Tags in this story<\/p>\n<p>200 EH\/s, 200 exahash, Antpool, Bitcoin, Bitcoin (BTC), Bitcoin Miners, Bitcoin mining, BTC Mining Rigs, computational power, difficulty, Difficulty Adjustment, Estimations, F2Pool, Foundry USA, Hashpower, Hashrate, Mining BTC, Mining Pools, network difficulty, Poolin, ViaBTC<\/p>\n<p><em><strong>What do you think about Bitcoin\u2019s difficulty dropping for the second time in a row? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n<p>Jamie Redman <\/p>\n<p class=\"article__body__author__info__about\">\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.<\/p>\n<p><i class=\"td-icon-font td-icon-twitter\"\/><\/p>\n<p class=\"images_credits\"><em>Image Credits: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<p>More Popular NewsIn Case You Missed It<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/bitcoin-miners-catch-second-break-with-another-downward-difficulty-adjustment\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Five days ago, Bitcoin\u2019s hashrate had shown improvement as it increased 15% over the course of ten days and today, the computational power remains above the 200 exahash per second (EH\/s) region. Meanwhile, bitcoin miners caught another break on Thursday, as the network\u2019s mining difficulty adjusted downward for the second time in a row, making [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[],"class_list":["post-2705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-updates"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/2705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2705"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/2705\/revisions"}],"predecessor-version":[{"id":2707,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/2705\/revisions\/2707"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/2706"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}