{"id":412050,"date":"2022-03-04T13:35:34","date_gmt":"2022-03-04T10:35:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-mining-difficulty-drops-for-the-first-time-this-year\/"},"modified":"2022-03-04T13:35:34","modified_gmt":"2022-03-04T10:35:34","slug":"bitcoin-mining-difficulty-drops-for-the-first-time-this-year","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-mining-difficulty-drops-for-the-first-time-this-year\/","title":{"rendered":"# Bitcoin mining difficulty drops for the first time this year"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2739bb65d51\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2739bb65d51\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-mining-difficulty-drops-for-the-first-time-this-year\/#%E2%80%9D_Bitcoin_mining_difficulty_drops_for_the_first_time_this_year_%E2%80%9C\" >&#8221; Bitcoin mining difficulty drops for the first time this year  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_mining_difficulty_drops_for_the_first_time_this_year_%E2%80%9C\"><\/span>&#8221; Bitcoin mining difficulty drops for the first time this year  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-128018ef>For the first time since November 2021, the Bitcoin (BTC) mining difficulty adjustment has dropped, correcting 1.49%. The move follows a succession of six consecutive positive difficulty adjustments, in which the mining difficulty and hash rate hit all-time highs.<\/p>\n<p>The average hash rate over the past two weeks fell to 197.19 exahashes per second (EH\/s), making the average block time exceed the 10-minute target at 10 minutes 9 seconds. As a result of the difficulty adjustment, miners competing to solve the next valid block found it marginally easier. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/7825424e-c1ba-4bd2-bf5d-7af433d77fbf.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Bitcoin mining difficulty marginally dropping after an 8 month climb. Source: Glassnode<\/em><\/figcaption><\/figure>\n<p>The difficulty adjustment is one of the Bitcoin protocol\u2019s most prominent <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.btctimes.com\/news\/diving-into-the-difficulty-adjustment-after-saturdays-historic-drop\">features<\/a>. Every two weeks or 2,016 confirmed blocks, the difficulty for mining a new block \u201cadjusts\u201d based on the average of the past 2,016 blocks, making it easier or more difficult to mine blocks.<\/p>\n<p>From the Bitcoin white paper, Satoshi Nakamoto <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcoin.org\/bitcoin.pdf\">wrote<\/a>, \u201cthe proof-of-work difficulty is determined by a moving average targeting an average number of blocks per hour. If they&#8217;re generated too fast, the difficulty increases.\u201d <\/p>\n<p>By inference, over the past 2,016 blocks, blocks were generated too slowly at an average of 10 minutes 9 seconds. As a result, the difficulty adjustment automatically decreases and miners will, henceforth, find it marginally easier to solve valid blocks over the next 2,016 blocks.<\/p>\n<p>According to Denver Bitcoin, a well-known Bitcoin miner, the -1.49% correction could be the only one for the year. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin just had its first downward difficulty adjustment of 2022.<\/p>\n<p>Will it be the only downward adjustment of the year?<br \/>Experts still calling for 300eh+ average by December.<\/p>\n<p>Fun times. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/l3x8hNevaU\">pic.twitter.com\/l3x8hNevaU<\/a><\/p>\n<p>\u2014 Adam O (@denverbitcoin) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/denverbitcoin\/status\/1499426584805183493?ref_src=twsrc%5Etfw\">March 3, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>New York Bitcoin mining moratorium bill garners more support<\/em><\/strong><\/p>\n<p>A correction of 1.49% dwindles compared to the mining dark ages of May to July of 2021, when a ban on Bitcoin mining in China caused a catastrophic drop in the hash rate. Thankfully, it swiftly climbed up over the course of 2021, surging by 31% as countries like Kazakhstan and Canada picked up the slack, proving the network\u2019s resilience. <\/p>\n<p>The Bitcoin mining industry is increasingly competitive, with tech industry players including Intel keen on making a dent in the hash rate and introducing their own miners. As Denver Bitcoin alluded, the 300 Eh\/s hash rate could be an attainable goal in 2022, particularly as mining shows growing resilience and geographic flexibility.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-mining-difficulty-drops-for-the-first-time-this-year\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin mining difficulty drops for the first time this year &#8220; For the first time since November 2021, the Bitcoin (BTC) mining difficulty adjustment has dropped, correcting 1.49%. The move follows a succession of six consecutive positive difficulty adjustments, in which the mining difficulty and hash rate hit all-time highs. The average hash rate&#8230;<\/p>\n","protected":false},"author":1,"featured_media":412051,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvOWVkNjY1ZDQtOGQ0OC00NzU0LThhN2EtMGM3Njk0NmZmMGQ5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,75462,75042,76242],"class_list":["post-412050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-hash-rate","tag-mining","tag-kazakhstan"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/412050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=412050"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/412050\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/412051"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=412050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=412050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=412050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}