Bitcoin’s mining difficulty rate adjustment is one of the key innovations behind the success of the Nakamoto consensus. As the amount of miners increases or decreases the difficulty of Bitcoin’s PoW increases or decreases, every 2016 blocks. Today we saw a nearly 7% increase. Mining difficulty increased, but what does it mean for Bitcoin? Bitcoin’s mining difficulty rate recalibrates roughly every two weeks, or 2016 blocks. This means that as more miners add to the […]
