Bitcoin (BTC) mining difficulty reaches a high level of 127.6 trillion this week, but the period is expected to leave the period
According to Coinerz, the mining difference in the next adjustment period is expected to fall from 3% to 123.7 trillion, and the current definition block time is about 10 minutes and 20 seconds.
Data from the cryptoctive suggests that the mining difference in June collapsed, with a sharp drop-off at the end of the month and the first two weeks of July, when Edphel was separated to 116.9 trillions. However, the differential level resumed its long -term exclusion in the late July.
The total computing strength-centers committed to securing the network-network of bitcoin mining difference, and havech are the main for the high street-to-glo ratio of bitcoin in the mine and the high street-to-go ratio of bitcoin. BTC protects the price from overproduction.
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Bitcoin’s difficulty adjustment and stock-to-flow ratio
The stock-to-flow ratio measures the total available supply of financial assets or commodity against newly created supplements added by miners or commodity products.
The higher the ratio, the more flexible the property or commodity is the price of change by overproduction; The lower the ratio, the more property or object will be affected by the new support.
This ratio is partially why silver was demarcated from gold. Silver has a lower stock-to-Fill ratio than gold. Rising silver prices attract miners and producers to create more support, which floods the market with new silver and suppresses prices.
Bitcoin has a higher stock-to-Fill ratio than gold, in which the supply of 21 million BTC revolves in the supply and markets of Almighty Almighty. Gold, compared, has no hard soft hat and inflation of about 2% per year.
“Gold deficiency, stock-to-blow ratio, about 60. Bitcoin deficiency is about 120. Price analysis model.
Differentials make the price of bitcoin inlastic for the product, which is kept proportional to the total computing power deployed by miners.
Adjusting the difference prevents overproduction and subscript value from falling, as the new support is dumped in large quantities in a shorter time.
Since more computing power is deployed to secure the bitcoin network, the difference increases to match the new computing results, keeping the block product closer to the 10-minute target protocol.
Conversely, if computing power drops, network difficulty adjusts down to ensure new blocks on a stable pack of about 10 minutes.
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