Bitcoin Network Gets First Negative Difficulty Adjustment in Four Months
hive-167922·@xabi·
0.000 HBDBitcoin Network Gets First Negative Difficulty Adjustment in Four Months
[<sup>(Source)</sup>](https://news.bitcoin.com/tag/network-difficulty/) #### Evening So, Bitcoin mining difficulty adjustment has dropped for the first time since Nov 2021. The recent negative mining adjustment came after last six consecutive positive difficulty adjustments, which had sent mining difficulty and network hash rate to a new all time high. Currently average mining difficulty is 27.55 Th, slightly below the last all time high of 27.97 Th. [](https://www.coinwarz.com/mining/bitcoin/difficulty-chart) [](https://www.coinwarz.com/mining/bitcoin/hashrate-chart) Bitcoin mining difficulty is a measure of how much computational power is required to mine the next block on the network. Bitcoin network auto adjust the difficulty depending upon how much computation power is vested into the network by miners and keeps the average block mining time at 10min. The average network hash rate over the past two weeks fell down to 194.63 Eh/s, so average block time exceeded to 10 minutes and 9 sec. Simply speaking miners were finding it difficult(taking extra 9 sec per block) to mine the next block. So, in a bid to keep the average block time to 10 min Bitcoin network automatically lowered the mining difficulty. Mining difficulty adjustment an inherent Bitcoin protocol’s feature. It works by averaging out block mining time of last 2016 blocks and making difficulty adjustment to attain an average block mining time of 10 sec. Current negative mining difficulty adjustment is minor and decreased network hash rate may stem from uncertain geopolitical situation in mining heavens like Russia. However, broader crypto industry remains optimistic about network difficulty increasing to new heights in 2022; especially when giants like Intel is planning to move into mining with their new 2nd gen Bonanza Mine chip. <center>  </center> <center>  </center> Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@xabi/bitcoin-network-gets-first-negative-difficulty-adjustment-in-four-months)
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