Bitcoin Network Status - 4 december 2017: retarget incoming

in #bitcoin7 years ago (edited)

Seems that Bitcoin is having a great period. We are having a great increase in Bitcoin Blocks production rate (approx. 7.7/hour in last 24 hours) triggered by a significative peak of Hashrate https://fork.lol/blocks/time

We are also experiencing an increase in Bitcoin transations, probably driven by price increase, network's good situation and (as usual) a unknow amount of spam. In those days BTC network use is mooning to about 400K transation/days, wow! https://bitinfocharts.com/

We have to pay great attention to incoming retarget. It will probably trigger a significative increase in difficulty (over +10%, maybe over +15%) triggering a probable slowdown of BTC network. This will probably create the requires for a new period of mempool stoopping up, whit an increase of unconfirmed transaction. https://jochen-hoenicke.de/queue/#24h

Considering that tomorrow bitstamp is going to start Bitcoin Cash trading, this slowdown period is likely to be a good chance for a bitcoin cash price recovery.
Stay turned and long life to cryptos!