The data shows that the Bitcoin network ushered in a difficulty adjustment at the block height of 697536, and the difficulty of the entire network was increased by 13.24% to 17.62T. Since July 31, the difficulty of the Bitcoin network has been raised three times in a row.

The difficulty of mining reflects how easy it is for miners to find the next valid block, and the difficulty will change with the change of the block's hash. In the case of constant difficulty, the larger the hash of the entire network, the faster the block generation time theoretically. Since Bitcoin needs to maintain an average block generation rate every ten minutes, the difficulty of mining needs to be adjusted regularly. Every 2016 blocks (approximately two weeks), all nodes in the network will adjust the difficulty. If the network finds that the block generation rate is faster than 10 minutes, it will increase the difficulty, and if it is slower than 10 minutes, it will reduce the difficulty.

Historically, this soaring difficulty is too large, but it is not surprising or worrying. But this marks the first substantial increase since China's mining ban came into effect. The increase in the difficulty of more than 10% means that the Bitcoin network Hash is rapidly increasing. The continuous increase in the difficulty of Bitcoin mining means large miners and large mining pools. Confidence in Bitcoin has begun to grow, and everyone is rushing to mine Bitcoin. I have to say that this is a basis for the future of Bitcoin. However, the increase in the difficulty of Bitcoin also means that the mining profit of existing Bitcoin mining machines will be lower, and it will indirectly push up the price of Bitcoin, and the entire mining industry is picking up.

For miners who want to enter the site for mining, since the three factors of mining difficulty, network-wide hash, and currency price are dynamically changing, when deciding the entry time, you may wish to pay attention to the parameter of mining revenue. In the long run, the mining industry will tend to be a fully competitive mature market, and mining revenue will gradually decline, but the mining industry is still profitable.

If you want to mine Bitcoin, the current mining machine rental products launched by RHY are far below the market price, and you don't need to look for mining machine resources and mine resources yourself. It is your ideal choice for mining.

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