RATE Group | These Factors May Push Bitcoin Halving Forward by Weeks
77662
wp-singular,post-template-default,single,single-post,postid-77662,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

These Factors May Push Bitcoin Halving Forward by Weeks

30 Jan These Factors May Push Bitcoin Halving Forward by Weeks

Posted at 23:20h in Bitcoin News by

[ad_1]

In the cryptocurrency industry at least, it’s pretty widely understood that the Bitcoin halving is due to take place in May 2020. However, that might not actually be the case.

Surging hash rate and recent mining difficulty adjustments mean that miners will solve remaining blocks quicker than expected. Some analysts are now eyeing the end of April for the big day.

Bitcoin Halving Already Way Ahead of Schedule

Satoshi Nakamoto designed the Bitcoin network to add new blocks around every 10 minutes. However, they knew that as more miners deployed hardware on the network, the time taken to find new blocks would decrease.

To ensure that more powerful hardware could not simply speed the process up, Nakamoto added automatic adjustments, making it more difficult to guess a hash when miner competition is high on the network.

When the network has a small amount of computing power deployed on it, blocks are relatively easy to find. As more hashing power works the network, the difficulty…

[ad_2]

Source link

Tags:
, , , ,