Policy? What 'policy'?
Nothing changes. Period. Mining continues as it always has. BTC mining has always been a self-regulating system that aims to keep finding blocks ~every 10 minutes so when diff is too high (or miners shut down due to price) causing blocks to be found too slowly the diff then drops to bring us back on target. Conversely, if blocks are found too quickly because diff is too low (or more miners come on line) diff then goes up.
Topic: What will be the policy after the mining difficulty is lowered? (Read 20 times)
As miners, it is easier for us to dig after the difficulty is lowered,
Why, you got better shovels?
but we have to wonder what policy will emerge next?
None as there is no "policy" whatsoever, difficulty has dropped tens of times in the past there was no "policy' neither enacted nor changed.
At present, the average computing power of the whole network is 575.78EH/s
That's an approximation, and not a really accurate one, nobody knows what the actual hashrate is, there's no real counter anywhere, it might be off by 5% and nobody would be surprised by it, also, that number is based on the average on the last 2016 blocks, if you look at it from daily perspective it's down to 490Exa, and again this depending on which time you are cause Monday on Pacific time might have seen 156 blocks while Monday on New Delhi time 147.
What exactly do you mean about policy emerge?
I don't think you can see some changes when mining difficulty and hashrate drop so if whatever policy you talking to it should be the same as before the only difference is the block reward was drop by 3.125 BTC.
I don't think you can see some changes when mining difficulty and hashrate drop so if whatever policy you talking to it should be the same as before the only difference is the block reward was drop by 3.125 BTC.
According to BTc.ccom data, the height of btc's mining difficulty block is 842,688
The original mining difficulty was 88.4012T and is now 83.15T
From this data, we can see that the difficulty has decreased by 5.63%
According to the December 2022 analysis is by far the largest adjustment
At present, the average computing power of the whole network is 575.78EH/s
This can not help but let us think about the recent ETF listing as a digital gold BTC price maintained at 60,000USD for a long time, which has to remind us of recent hot events
As miners, it is easier for us to dig after the difficulty is lowered, but we have to wonder what policy will emerge next?
The original mining difficulty was 88.4012T and is now 83.15T
From this data, we can see that the difficulty has decreased by 5.63%
According to the December 2022 analysis is by far the largest adjustment
At present, the average computing power of the whole network is 575.78EH/s
This can not help but let us think about the recent ETF listing as a digital gold BTC price maintained at 60,000USD for a long time, which has to remind us of recent hot events
As miners, it is easier for us to dig after the difficulty is lowered, but we have to wonder what policy will emerge next?
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