Monday, October 13, 2025
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Bitcoin Mining Difficulty Will See A Huge Increase – Here’s What It Means For BTC Price

by firstcryptonews
January 24, 2020
in News
Bitcoin Mining Difficulty Will See A Huge Increase – Here’s What It Means For BTC Price

Within the next few hours, bitcoin’s mining difficulty will increase by almost 9 percent. The increase is expected to be one of the largest difficulty increases the bitcoin network has ever experienced in any two-week period and could affect bitcoin’s price.

Bitcoin Mining Difficulty To Increase By Almost 9%
Bitcoin difficulty is a measure of how hard it is to find blocks below a given threshold. BTC’s mining difficulty adjusts every 2016 blocks (or after 2 weeks at 10-minute blocks) depending on the mining difficulty of the previous 2016 blocks. An increase in the mining difficulty suggests that the previous difficulty was low, hence the imminent increase.

The mechanism of bitcoin difficulty adjustment is a stroke of genius. It involves striking an economic balance between mining costs and profits for miners. In other words, the mining difficulty adjusts itself either up or down depending on the market conditions and the number of miners on the network. This way, miners are able to secure the network without overproducing or being forced to shut down their rigs.

Bitcoin’s difficulty currently stands at 13.79 trillion, according to data provided by monitoring resource Blockchain.com. After the adjustment on Tuesday, January 14, it will increase by almost 9 percent to 15 trillion, making it harder for miners to solve algorithms and subsequently mine blocks. This is notably a huge adjustment considering that the difficulty normally reconfigures itself by 1-2% percent on average.

Moreover, this difficulty increase reflects a high hash rate which is consistent with higher revenues for miners, which depend hugely on the prices. Since January 1, 2020, BTC’s hash rate has been rising and hit a new all-time high of around 120 TH/s on January 6. A combination of higher hash rates and higher difficulty makes it harder for miners to make nice profits using current mining equipment. This will be exacerbated by the halving of the mining rewards coming in less than five months.

What Does It Mean For BTC Price?
This mining difficulty adjustment comes at a time when BTC bulls are attempting to give bitcoin new life. After consolidating just above $8K for a couple of days, BTC recently blew past $8,500, marking an eight-week high. The top crypto has gained 17.4 percent since January 1, despite a slow start to 2020.

The mining difficulty increase and the high hash rate, though non-price metrics, indicate the overall good health of the network. The convergence of these network factors and bullish technical indicators all seem to suggest that the ongoing rally could only be getting started.

Related Posts

FurGPT (FGPT) Prepares Global Token Rollout to Expand Decentralized AI Companionship

FurGPT (FGPT) Prepares Global Token Rollout to Expand Decentralized AI Companionship

by firstcryptonews
October 13, 2025
0

The upcoming global token launch expands FurGPT’s reach, empowering users and communities to engage in the future of AI-driven companionship....

FurGPT (FGPT) Announces Community Crypto Rewards to Power Token Ecosystem

FurGPT (FGPT) Announces Community Crypto Rewards to Power Token Ecosystem

by firstcryptonews
October 8, 2025
0

The new rewards initiative strengthens community participation and fuels long-term growth for FurGPT’s decentralized AI ecosystem. Singapore, SG – October...

Imagen Network Partners with Google Cloud to Advance AI Infrastructure for Decentralized Social

Imagen Network Partners with Google Cloud to Advance AI Infrastructure for Decentralized Social

by firstcryptonews
October 6, 2025
0

The partnership enhances Imagen’s scalability and personalization tools by integrating Google Cloud’s AI and infrastructure services. London, UK – October...

FurGPT (FGPT) Prepares Token Launch to Reshape Decentralized AI Companionship

FurGPT (FGPT) Prepares Token Launch to Reshape Decentralized AI Companionship

by firstcryptonews
October 6, 2025
0

The upcoming FGPT token launch marks a new phase in developing lifelike, adaptive AI companionship within the decentralized ecosystem. Singapore,...

FurGPT Deploys Multimodal AI to Create Natural Interactive Experiences

FurGPT Deploys Multimodal AI to Create Natural Interactive Experiences

by firstcryptonews
October 3, 2025
0

Enhanced multimodal frameworks strengthen FurGPT’s ability to deliver lifelike and intuitive digital companionship. Singapore, SG – October 3, 2025 –...

Crypto App Imagen AI Partners with Google Cloud to Accelerate AI Infrastructure for Decentralized Social

Crypto App Imagen AI Partners with Google Cloud to Accelerate AI Infrastructure for Decentralized Social

by firstcryptonews
October 1, 2025
0

Collaboration aims to enhance performance, reliability, and developer velocity for creator focused applications on Imagen Network. Singapore, SG – October...

Next Post
Senegalese Government Gives Akon Final Greenlight For Crypto-Friendly “Akon City”

Senegalese Government Gives Akon Final Greenlight For Crypto-Friendly “Akon City”

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Ripple CEO Brad Garlinghouse Is Sure Facebook’s Libra Won’t Launch Before 2023

Ripple CEO Brad Garlinghouse Is Sure Facebook’s Libra Won’t Launch Before 2023

6 years ago
Digifolio Investments Limited Announces Launch of DigiToken ICO on May 1st, 2024

Digifolio Investments Limited Announces Launch of DigiToken ICO on May 1st, 2024

1 year ago
GearChain Launches Barcode Scanning Based Blockchain

GearChain Launches Barcode Scanning Based Blockchain

3 years ago
Atua AI Launches Next-Generation Frameworks to Elevate Multi-Chain Productivity

Atua AI Launches Next-Generation Frameworks to Elevate Multi-Chain Productivity

2 months ago
EMJAC

EMJAC : Turning Waste to Gold

6 years ago
Astra Network’s Neural Network Unleashed: The Ultimate Tool for Short-Term Crypto Trading Analysis

Astra Network’s Neural Network Unleashed: The Ultimate Tool for Short-Term Crypto Trading Analysis

3 years ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

FurGPT (FGPT) Prepares Global Token Rollout to Expand Decentralized AI Companionship

FurGPT (FGPT) Prepares Global Token Rollout to Expand Decentralized AI Companionship

October 13, 2025

Press Release

SuperTrust Expands Its Real-World Blockchain Ecosystem with Global Community Growth and Multi-Platform Integration

SuperTrust Expands Its Real-World Blockchain Ecosystem with Global Community Growth and Multi-Platform Integration

October 13, 2025

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News