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The Bitcoin block mining difficulty graph registered the first correction by 1.49%, after a continuous six-month rise to all-time highs. This parameter is regulated by the statistics of the time spent on the continuation of the blockchain chain, measured every 2016 blocks.
The drop in difficulty is due to the fact that the miners went beyond the threshold of 10 minutes when calculating the hash code, which caused an automatic adjustment that simplifies mining.
The difficulty of mining is directly related to the hashrate, the total computing power of all ASIC miners operating in the network determines the probability of mining a block for each of them. This parameter rose to highs due to the fact that global cryptocurrency mining companies received major deliveries of the latest equipment at the end of the year.
Now in the market of ASIC miners manufacturers, the lag between order and delivery is six months, which led to the emergence of competitors. Each of the newcomers strives to produce equipment with high performance.
The topic of manufacturing equipment for mining is of interest to the largest chip manufacturer Intel, which will further spur the “hashrate race”. currently the highest performing 140 TH/s miner is manufactured by Bitmain, but analysts are expecting 300 TH/s hardware next year.
Bitmain Officially Unveils New Flagship ASIC at the World Mining Summit in Dubai
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