Bitcoin hashed hardship set a new record

 Before we go into the details of the news, we know the difficulty of segmenting Bitcoin, which is the average processing power of the Bitcoin network, which is not fixed and changes with the number of those connected to the Bitcoin blockchain and the number of miners and devices used in it.

The Bitcoin network is designed to make it increasingly difficult to solve its mathematical equations periodically.

Bitcoin fragmentation difficulty rose more than 9.8% on Monday, taking the difficulty to its highest point ever.

The record high reached 17.35 trillion, which will make the miners' job even more difficult.

Basically, the lower the difficulty rate, the easier it is to find new blocks on the Bitcoin network, and the higher the difficulty, the more difficult it is to obtain Bitcoin by mining.

Difficulty changes every two weeks depending on hash speed or roughly every 2016 blocks.

17.35 trillion is the highest difficulty ever on record, which means it's the hardest time ever to mine.

In addition to the recent difficulty in the mining process, on May 11, 2020 the Bitcoin mining bonus was split in half, which means that mining returns have decreased by 50%.

The recently recorded difficulty in hash rate of more than 9.8% is not the largest as the difficulty previously increased by 14.95% on June 16, 2020, but the difficulty rate at that time was only 15.78 trillion.

The relative jump in bitcoin mining difficulty to 17.35 trillion kept the hash rate above the 120 EH / s range.

For your information, there are 16 large Bitcoin mining pools that clearly contribute to the rate of fragmentation of the Bitcoin network. The largest mining pool is "F2pool".

Other conglomerates like Poolin, Btc.com, Antpool and Huobi follow respectively.

The hash strength of the F2pool pool is about 16% of the network while Poolin has more than 15%, and the last three pools contain around 10% or more of the bitcoin hash rate globally.

If the Bitcoin fragmentation difficulty continues to rise and remains so after two weeks, we may see a mass exodus of miners who cannot continue and inevitably shut down their machines temporarily.