Bitcoin mining is difficult to decrease in encryption prices – but you must climb again

Bitcoin mining Space experts say only the easiest in the encryption markets in recent weeks, although the trend is unlikely to continue.

The difficulty of the network fell on Sunday from more than 114 trillion to 110.5 trillion, COINWARZ data provider He appears. The decrease comes Bitcoin price He has Decline. On Wednesday afternoon, BTC has been trading less than $ 83,000 for the first time since early November, according to the Crypto Coingecko data provider.

The decrease in the difficulty of mining during the typical bear markets. With low prices and demand for assets, some companies may reduce their mining ability, which leads to the withdrawal of devices without contact with energy conservation. The last decrease also coincides with brutally cold winter talisman in many parts of the United States, which increased energy prices.

When the markets flourish, the mining network grows, which increases the difficulty. The difficulty increased all the time Bitcoin16 -year -old as the expanding network requires more computing and energy strength. The scale is important with an increase indicating that the network grows safer.

“Energy throughout the United States is high due to winter conditions,” said Nick Hansen, CEO and co -founder of The Luxor Mining Pool. Decipher. “There is more energy demand that leads to price increase [of mining operations]”

He added that “a mixture of high total energy costs along with a decrease in price in general” caused some mining operations to reduce operations more than usually do.

Reset Bitcoin Mining

“The slight decline can indicate a reset with the modification of miners with” Bitcoin Rufoin, “While managing energy costs, infrastructure restrictions, and deploy the next generation devices.”

Divest New levels In January when I identified a new Bitcoin The record price More than 108,000 dollars.

Mines, and large industrial banks from computers that receive BTC bonuses to process transactions on Blockchain, are often happy with a brief decrease in difficulty although processes become easier and more profitable. The problem is that the BTC price has decreased significantly. Decipher.

“The network is shrinking [miners]He said that the price decreased to the low rate of the network shrinkage, “adding that miners were only happy for” about five minutes. “

Bitcoin mining is difficult after 2016, blocks. This occurs, on average, every two weeks. The difficulty of 110.5 trillion means that it is now the most difficult 110.5 trillion times more than the first mass mining in 2009.

However, the last decline is unlikely to continue in difficulty. Decoding, Noting that North America’s operations were expanding and that the network would grow as a result.

He said: “Miners can enjoy amendment at the present time, but it is about to climb.”

Edit James Robin