😱🔥Difficulty record before halving in Bitcoin: Exceeded 86 trillion.
The #Bitcoin mining difficulty exceeded 86 trillion in the last adjustment before #halving and reached an all-time high.
While the Bitcoin block reward halving is approaching, the mining difficulty has also broken a record. In the last adjustment made before halving, the difficulty reached 86.39 trillion.
Mining difficulty simply refers to the difficulty of adding new blocks to the Bitcoin blockchain (or the difficulty of producing Bitcoins). As the difficulty increases, the need for processing power required to produce Bitcoin also increases. More processing power makes the Bitcoin network more secure. The increase in difficulty also indicates that there is more demand for Bitcoin mining.
The difficulty is automatically re-adjusted according to the status of a network in the 2016 block. Increases in processing power result in an increase in difficulty at the same rate. The next difficulty adjustment will be made 4 days after the halving, which is expected to take place on April 20.
halving, which occurs every 4 years, will reduce Bitcoin block rewards from 6.25 BTC to 3.125 BTC. Thanks to this, the daily amount of Bitcoin production will also decrease from 900 BTC to 450 BTC. Therefore, there will be a big reduction in the number of new BTC released to the market.
