Bitcoin’s difficulty adjusted upward 21.53%, at 25.04 trillion, after dipping to 20.61 trillion in the last adjustment, according to this journalist’s Bitcoin node.
Some of these miners have begun migrating machines to Sichuan for its incipient rainy season, which will supply them with gushes of cheap hydroelectricity.
Per rules to coordinate the upgrade, at least 90% of mining pools within any given difficulty period must signal their support for the upgrade using a special identifier in the blocks they mine.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.