Bitcoin (BTC) difficulty coefficient is a measure, which indicates that Bitcoin (BT) mining cannot find the overall target hash, or simply, it is difficult to import the next blockchain to the main Internet.
Today, on November 21, 2022, the difficulty coefficient of Bitcoin (BTC), the most important indicator of BTC network performance, reached a record high. According to the information of public trackers, the index value soared to 36950494067222 tons through an alarming 0.51% adjustment.
It is the lowest positive adjustment of Bitcoin (BTC) Internet difficulty coefficient in the past October. It should be noted that the mining difficulty coefficient of Bitcoin (BTC) is adjusted every two weeks to maintain a stable blockchain duration (about 10min).
A year ago, the mining rate of Bitcoin (BTC) was 22.5 T. Another important indicator of Bitcoin (BT) Internet, its hash rate (the number of hashes issued by all active mining computers) is also increasing.
On November 12, 2022, its hash value exceeds 298 times per second (Ehash/s). By the time of submission, this indicator was 274 Ehash/s, up 4% in the past 24 hours.
Generally speaking, the sharp increase in indicators shows that mining has increased enthusiasm for maintaining the Internet. Although the price fell and the mining cost rose, the workers did not give up, which may mean a positive and optimistic reversal of estimates.
In addition, on Monday, the price of Bitcoin (BTC) fell to the lowest level of FTX/Alameda since its collapse. In short, it touched the level of 16000 US dollars and is now diligently maintaining above that level.
As mentioned above, due to the FTX collapse of the fourth largest centralized trading center and a series of settlement events, data encryption assets dropped to the end of the second year.
