$105,744.00
0.12%$2,628.57
0.94%$2.26
2.66%$668.57
0.09%$157.04
-1.42%$0.999798
0.00%$0.196554
0.07%$0.269467
0.17%$0.69801
-0.01%$2,619.94
0.59%$105,420.00
-0.17%$36.50
1.76%$3,154.11
0.40%$3.28
-0.80%$14.35
1.24%$21.55
0.81%$0.27424
0.48%$9.00
5.11%$403.92
0.02%$3.22
0.91%$0.00001315
-0.64%$0.17325
0.68%$0.99976
0.00%$2,622.11
0.64%$90.43
0.82%$2,795.89
0.04%$346.16
-4.17%$4.19
0.68%$0.996783
-0.60%$1.001
0.03%$4.83
-0.26%$0.00001243
-1.17%$0.65317
1.00%$105,435.00
-0.27%$31.36
-0.04%$267.06
4.43%$6.71
5.53%$394.70
0.31%$1.18
0.05%$5.00
1.90%$2.57
1.80%$0.101723
-1.71%$50.32
0.68%$1.00
0.00%$5.38
4.35%$189.62
-1.23%$0.861003
0.84%$17.73
1.02%$1.054
-0.00%$31.60
0.60%$19.37
-1.17%$0.088613
-1.00%$0.679903
-0.26%$11.23
0.06%$0.998
-0.42%$0.827824
4.63%$0.02499599
0.09%$3.95
-1.01%$4.45
-0.51%$0.345674
5.17%$0.217191
-0.43%$105,357.00
-0.05%$4.42
0.34%$1.21
-0.36%$2.65
0.37%$0.366699
1.73%$0.200476
0.17%$116.35
7.34%$0.546869
0.84%$1.00
0.05%$2,625.17
0.75%$4.48
-0.34%$2.27
0.50%$11.19
-0.22%$165.53
-1.47%$0.00001701
-2.91%$0.998728
-0.29%$0.410916
-0.86%$1.97
-0.27%$13.01
3.76%$1.25
0.28%$2,977.10
0.39%$0.789883
1.91%$0.0182734
-1.09%$4.22
0.83%$2,734.71
0.12%$0.67319
0.55%$1.17
2.34%$0.201249
0.25%$1.073
-7.61%$0.582083
0.82%$0.660227
1.22%$1,907.54
9.22%$0.99582
-0.54%$0.980615
1.77%$0.999702
0.00%$0.060116
0.91%$105,409.00
-0.51%$2,797.66
0.75%$0.09894
0.30%$0.695128
0.82%$2,745.97
1.14%$1.001
0.01%$666.92
-0.38%$2,766.60
1.09%$54.18
0.32%$105,204.00
-0.40%$0.00008729
-2.10%$3,366.73
-0.03%$174.82
-1.25%$106,233.00
0.99%$3,378.61
0.01%$0.795717
0.05%$0.86598
0.17%$0.01735488
-1.51%$2.41
0.19%$203.88
-1.24%$21.90
1.04%$0.0149454
-3.38%$0.188691
0.31%$0.12336
1.59%$0.705577
-1.31%$0.285754
0.62%$4.28
0.18%$2.39
-2.03%$0.0000007
0.12%$34.32
0.72%$0.500844
-0.64%$1.00
-0.02%$0.114971
1.82%$111.29
0.01%$0.01040705
-6.14%$105,625.00
-0.29%$1.86
5.71%$0.997305
-0.05%$0.590687
0.57%$2.00
-0.62%$0.380313
0.95%$1.69
-1.07%$3.21
-1.78%$1.091
0.08%$2,636.83
1.16%$2,635.10
1.51%$0.71316
2.65%$0.5705
-0.68%$0.01647211
7.31%$2,750.51
0.00%$1.10
-0.01%$0.05524
2.65%$0.287585
1.01%$2,806.73
1.20%$0.999685
-0.01%$9.28
1.30%$2,846.65
1.23%$105,865.00
0.42%$1.80
1.11%$0.195624
-0.51%$2,622.05
0.74%$0.189881
-7.88%$105,162.00
-0.35%$0.998728
0.11%$36.41
1.09%$0.142484
0.04%$0.437614
2.04%$1.56
1.77%$0.00467557
2.44%$0.05115
11.25%$0.999798
0.01%$16.11
0.42%$0.063719
2.68%$0.579506
-1.26%$0.419408
-1.72%$0.544134
1.81%$6.80
3.20%$1.10
0.80%$0.0000222
1.32%$6.23
0.79%$0.37066
-1.92%$0.00000043
0.14%$103,123.00
-2.09%$0.00733206
2.17%$1.75
-9.59%$2.59
-0.99%$0.00516663
-4.75%$37.23
1.80%$1.088
-0.01%$1.00
0.22%$44.56
7.08%$1.23
1.23%$0.079464
0.58%$1.42
4.64%$0.00436621
2.85%$36.40
1.02%$2,619.57
0.64%$1.001
0.00%$0.600615
-1.43%$0.998472
-0.29%$0.04048644
0.37%$0.152821
2.07%$2,773.29
0.33%$0.082973
0.08%$0.00000098
-0.29%$0.378029
-5.56%$0.150555
-0.84%$1.37
-0.08%$0.376451
-9.78%$2,895.89
1.07%$0.01889249
-0.40%$133.02
0.98%$0.00415928
-0.17%$0.00665074
-0.15%$2,861.69
0.86%$105,283.00
-2.16%$0.140409
8.70%$0.816425
1.44%$105,809.00
0.24%$0.99991
0.00%$0.00006102
0.47%$2,633.91
1.37%$0.03342083
-0.34%$7.97
-5.06%$0.217098
-0.54%$21.58
1.10%$19.61
0.14%$0.328062
-0.28%$2,616.25
0.46%$1.00
0.03%$0.529681
2.27%$0.999709
-0.02%$0.333526
-1.33%$0.695047
-1.41%$170.35
-1.39%$0.995372
-0.59%$2.59
2.72%$0.22072
1.37%$3.00
14.66%$0.00433959
-2.00%$0.00336205
-0.29%$0.648804
0.22%$0.00000143
-0.07%$0.999748
0.01%$16.83
0.97%$3.05
-0.75%$0.276581
-1.22%$3,368.16
-0.06%$22.45
0.35%$1.70
1.46%$105,774.00
-1.87%Reading
The Bitcoin mining difficulty has today adjusted by approximately -16%, based on data published by Glassnode. This represents the second largest difficulty adjustment in Bitcoin’s 12 year history.
Bitcoin mining difficulty, in simple terms, indicates how difficult and time consuming it is to find a corresponding hash for any new block on the Bitcoin blockchain. The difficulty itself is typically related to the number of miners active in the network, but there can be other explanations that indicate what might lie ahead in Bitcoin’s future, including what Chinese miners have been up to.
“Most large scale miners switch off their machines and some even relocate their operations to the Xinjiang region, coming back online a few weeks later. The rest of the network simply takes up the slack and the difficulty adjusts accordingly,” Jason Dane, Bitcoin analyst at Quantum Economics, told Decrypt.
Crypto is not happy. The last 24 hours saw a brutal red sweep across the global markets as nearly all projects suffered sustained losses. Ethereum dropped 5.67%, XRP 4%, Bitcoin Cash 9.16%, and Chainlink an eye-watering 11.20% in the last 24 hours. Bitcoin wasn’t immune, losing 1.85% of its value in the last 24 hours. That’s a second straight day of declining prices for Bitcoin after it hit a two-year high over the weekend. Some $15 billion has been wiped from the market cap of all projects,...
In addition to Glassnode data, the Bitcoin Difficulty Estimator, which updates every second, places the current Bitcoin mining difficulty at approximately 16 trillion, falling from approximately 19 trillion, representing the approximate -16% adjustment.
We just observed the 2nd largest negative #Bitcoin mining difficulty adjustment in history: -16%
It topped the -15.9% change in March this year.
The only other time difficulty saw a larger downwards adjustment (-18%) was over 9 years ago, in Oct 2011.https://t.co/hXl4n3DAYR pic.twitter.com/7zgwMjNj13
— glassnode (@glassnode) November 3, 2020
In January 2018—after Bitcoin’s infamous and unprecedented 2017 bull run—Bitcoin saw its greatest mining difficulty adjustment, according to data shown by BTC.com.
With a history like this, one might assume that a major negative adjustment to mining difficulty indicates a low price or a lack of confidence in Bitcoin. However, according to Deane, this isn’t the case today.
“This is purely a routine, annual event that just so happens to be in a bullish period for bitcoin, meaning that miners will do very well over the coming 14 day period,” Deane said.
At the time of writing, the next adjustment is set to occur on November 15, 2020.
Some members of Bitcoin’s community are quick to shrug off advancements in quantum computing, but behind closed doors, influential cryptographers and business leaders are concerned about a potential catastrophe. A computer strong enough to reverse engineer wallets’ private keys could one day disrupt Bitcoin’s market, flooding exchanges suddenly with ancient Bitcoin and sending prices spiraling, computer and security experts explained at a private luncheon last week—a short walk away from The Ven...
Ethereum co-founder and Consensys CEO Joe Lubin said Tuesday that his firm has been in talks with "major sovereign wealth funds and banks" in a “very big” country about potentially building on Ethereum. Will they buy ETH too? In an interview on Rug Radio’s latest “Fomo Hour” episode, Lubin spoke at length about crypto’s second-largest asset, predicting that the start of a new, ETH-driven decentralized supercycle may be coming soon. (Disclosure: Rug Radio and Decrypt share a parent company in DA...
Guests at last month’s Trump meme coin holders dinner were airdropped up to three NFTs, one of which has already sold for approximately $16,000. Even people who registered but didn’t make the top 220 cutoff to attend, were given an NFT. Among that category, an NFT has already sold for $4,000. Despite the big sales, there appears to be no utility for these NFTs. The official TRUMP meme coin X account called them “historic collector’s items that celebrate the Crypto President.” As promised, if yo...
