BTC is ready for further growth by improving network performance

As Bitcoin (BTC) rises and trading volume increases, transaction fees move in the opposite directionbecause miners are switching on more and more mining devices.

Since the beginning of November, bitcoin has shown significant growth, so along with further volatility this month, analysts also predictrate hike.

Only the day before yesterday for the first time since January 2018, the coin number one exceeded the level of $16,000, yesterday it jumped above $16,400, after that began a natural correction.

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At the same time, the trading volume is also growing. Coinpaprika.com reports that on November 13, 1,552,121 BTC worth about $ 25 billion were traded.

In addition, the size of the commission has been falling over the past ten days.After jumping to $11.99 on November 3, the 7-day moving commission average fell 41% to $7.That's still much higher than the $2.18 figure recorded before the last fee increase.

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At the moment, the bitcoin network, where many pending transactions were accumulated in October, has been cleared.

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All this is due to the fact that the hashretil computing power of the bitcoin network demonstratesReverse picture: After a significant fall in late October from November 2, thisthe figure began to recover.

Since November 12, it has grown by 17.7% to 127.36 Eh / s. This is still below the all-time high of 147.21 Eh / s in mid-October.

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In this regard, the crypto community expectsanother drop in the difficulty of Bitcoin mining, an indicator of how difficult it is to compete for the formation of a block. It can take place in about three days.

Rating of TOP-5 cloud mining services, with current estimates for 2020:

Service	Rating	Detailed overview
IQ Mining (Editor's Choice!)	9.5	Read the review
ECOS	7.9	Read the review
HashFlare	6.4	Read the review

The criteria by which the score is given in our rating:

• Profitability and profitability– we calculate the payback period, clarify the reality of mining.
• Prices and commissions– we take into account the validity of tariff plans and compare them with competitors.
• Deposit / withdrawal, discounts, reliability– we analyze reviews, test the correctness of accruals and withdrawals.
• Convenience of the platform and site– we evaluate the functionality, errors and failures when working with the service.
• Features of the company– unique services and useful services, period of work on the market.
• final grade– the average number of points for all indicators determines the place in the ranking.

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