At the end of this week, another adjustment to the difficulty of bitcoin mining took place. This figure rose by 7.3% to 15.56 T.
Thus, Bitcoin experienced its second consecutive positive correction after a record fall in difficulty amid the crackdown on mining pools in China. Recall that the computing power of the network collapsed by more than 55% after the authorities of many provinces of the PRC began to displace miners to other countries.
The transfer of capacities was completed at the end of July, as a result, the hashrate began to increase again. Bitcoin hashrate reached 114.1 EH/s on August 13.
Trending: Smart Contracts Audits Startup Hexens Closed $4.2 M Seed Funding
Mining difficulty has been adjusted every 2016 block. At the end of July, this figure rose by about 6%.
Experts remind that on July 3, the difficulty of mining BTC fell by 28%. That is the largest negative adjustment in the history of cryptocurrency. By this time, almost all Chinese miners were disconnected from the network.
We are currently seeing a shift in capacity to Central Asia and North America. Kazakhstan has unexpectedly become a very popular region for mining pools. This country is already one of the three largest bitcoin miners.