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7,182,852,313,938 - 7.18 T - 3.65 % 10 min 23 s 51.41 EH/s 546,336 Table 8: Change in difficulty of recent Bitcoin blocks per 2016 blocks Table 7 shows the difficulty rate after every 2016 blocks. The difficulty keeps on changing after every calculation. The difficulty in the block of height 560,448 decreases by 1.18% than the previous blocks which changes the hash rate from 42.10 EH/S to 41.59 EH/S. Difficulty rate and hash rate are directly proportional to each other. Increase in difficulty rate, increases the computation power, resulting in an increase in the hash rate. Similarly, after another re-calculation of difficulty rate after 2016 blocks, the difficulty increased by 0.0425% which also increases the hash rate to 43.38 EH/S. Figure 32: Bitcoin Hash rate From the graph in Figure 32, we can see the hash rate of Bitcoin mining over time from 2009 AD to 2019 AD. Hash rate is directly proportional to the difficulty of Bitcoin mining. As difficulty increases the hash rate increases and vice-versa. Since the first, second and third generation mining was done by CPU, GPU and FPGA during 2009 to 2015, the hash rate was very low, therefore we can see the difficulty during 2009 AD 2015 AD is very low in Figure 32. After the introduction of ASIC miners, the computation power 49PDF Image | Analysis of Bitcoin Cryptocurrency and Its Mining Techniques
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