Bitcoin Difficulty Don Rise Reach 127.6T, E Go Drop 3% for August
Bitcoin mining difficulty don hit highest level ever of 127.6 trillion dis week, make average block time reach 10 minutes 20 seconds. CoinWarz data show say the jump follow middle of year low wey be 116.9T end of June. Analysts dey predict say Bitcoin difficulty go drop 3% go 123.7T for August 9 adjustment, wey go give miners small relief for short time. The difficulty adjustment dey reset every 2,016 blocks based on how network hashrate change: as hashpower go up, mining difficulty go increase; if miners waka commot, e go fall. With 94% of 21 million BTC don mine, Bitcoin stock-to-flow ratio dey near 120—twice as much as gold—show say e scarce. The coming drop fit lower mining cost small time, while the protocol’s adjustment mechanism keep block time steady and Bitcoin’s deflationary issuance schedule steady.
Neutral
Bitcoin mining difficulty don reach 127.6T show say network hashrate don increase plus miners dey compete well well, e mean say network security strong and miners dey confident. But as difficulty high, e go also make production cost high, dat one fit affect miner profit and how market dey feel if e last. The 3% drop wey dem expect on August 9 to 123.7T na small relief for short term. Overall, as hashrate dey increase and difficulty go down sometimes, e mean say no strong immediate effect go dey for BTC price. Traders go likely see this update as neutral sign, dem go still dey watch bigger market things and main trends.