Bitcoin mining difficulty increased by 0.59% to 16.95T

At 4:01 am today, the BTC network ushered in a difficulty adjustment at the height of 643104. This time the difficulty was adjusted to 16.95T, an increase of 0.59%. As of 4:01 am today, the number of unconfirmed Bitcoin transactions was 45,278. Affected by the price of the currency and the computing power, the average block time in the past week was about 9.95 minutes.

The stagnation of computing power is contrary to the market situation, and the cyclical adjustment is coming to an end

After the flood season this year, the total computing power of the Bitcoin network has seen a significant increase, with the total computing power rising from 98EH in June to a maximum of 123EH, which is close to the historical high since last year. What is unusual is that the Bitcoin market started last week, but the total computing power of the Bitcoin network did not follow the surge, but was stagnant, and even the mining difficulty adjustment last week was adjusted downward.

In 2019, the Bitcoin market started to take off, and the total network computing power climbed from the 80EH range to 130EH, setting several historical highs. The mining industry's reaction to this round of market increases was obviously abnormal.

This anomaly points to a possibility that the reshuffle of the mining industry after the halving is nearing its end. Currently, the number of miners in the market is limited, and the number of miners outside the market has not yet entered. Under the market where mining revenue has increased by 30%, the computing power difficulty has decreased and there is an inversion. The golden age of miners in the market has arrived. (NetEase News)