Bitcoin (BTC) mining difficulty, average difficulty level for mining of a block on the network, climbed a new all-time high of 134.7 trillion on Friday.
Network’s difficulty in August became the last all-time high hit and increased continuously throughout the month, despite estimates that the network’s difficulty would decrease.
Bitcoin’s hasht, average of the total number of total number per second from all miners on the network, has fallen in a second per second, recorded on August 4, below 1 trillion hash, more than 1 trillion hash recorded on 4 August. Cryptocvic,
High difficulty has already created strict operation for large mining firms in the competitive industry that runs on narrow profit margin.
The need to spend sometimes-gramter computing resources in mine blocks on BTC networks has also raised concerns over centralization of bitcoin mining, as the cost of mining becomes more expensive, which is dominated by large corporations and mining pools.
Connected: Jack Daisi’s block targets 10-year-old life cycle for bitcoin mining rigs
Single miners still expect big, institutional players in the sea
Despite dominating big players at Bitcoin mining location, small and single miners are still successfully blocking mining, and claiming a 3.125 BTC block reward worth more than $ 344,000 at the time of this writing.
Three single miners defined obstacles by successfully adding the block to BTC laser and claiming block reward in July and August.
https://www.youtube.com/watch?v=xkvojawp688
First khan couple Block 903,883 On 3 July, Netfing under $ 350,000 in Block Subsidy Rewards and the priority fees paid by network participants to the miners fees to ensure that their transactions have been included in the block.
Second single mine couple On July 26, Block 907,283, at that time, the awards claimed more than $ 373,000 when calculated using bitcoin prices.
On August 17, another single minener mined the block 910,440, nude $ 373,000 in block subsidy rewards and network fees. All three miners were working through Solo CK Pool, a single mining pool service.
magazine: Bitcoin miners steamer after power theft, exchange ‘closure’ scam: Asia Express