Bitcoin miners got lucky again, as the network's difficulty adjusted downward for the second time in a row.
. The 0.35% slide is the second drop in a row after the network’s difficulty slid 1.49% on March 3.
With the two difficulty drops combined, it is now 1.84% easier to find a bitcoin block subsidy than it was before March 3. On that day, the difficulty was 27.96 trillion and at the time of writing, Bitcoin’s network difficulty is 27.45 trillion. The downward drop on Thursday at block height 727,776 was a small shift downward, as it was expected to increase according to estimations recorded on March 13.
Foundry USA Commands This Week’s Top Mining Pool Position, Educated Estimates Guess the Mining Difficulty Could Increase During the Next Shift’s mining difficulty is still the highest it’s been during the network’s lifetime. The network’s all-time difficulty high was the 27.96 trillion that miners dealt with before the 1.49% dip at block height 725,760. Furthermore, there are still 11 known mining pools dedicating hashpower to the network and around 2.
F2pool’s hashrate represents 13.45% of the global hashrate with the pool’s 27.59 EH/s of hashpower. Foundry USA and F2pool are followed by Antpool, Poolin, and Viabtc, respectively, in terms of the top five mining pools during the past week. With the current hashrate speed it is estimated that the next difficulty change will take place in just over 12 days from now.
As mentioned above, the estimation of exactly when the adjustment will happen and how much it will decrease or increase is an educated guess made by leveraging current statistics. Estimations currently show the difficulty change in 12 days’ time could be a 0.57% increase. Although, by the time it gets closer, Bitcoin’s difficulty change could increase a lot more than that, or even experience another downward adjustment.
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