The First Difficulty Swap Settles

It’s been a fun day at BitOoda!

We have just settled our first BTC Difficulty Swap, in what we view as a significant milestone in bringing new risk management tools to the digital asset community. Yesterday’s difficulty adjustment (5/30/2019) set the current network difficulty to 7,459,680,720,542.

As a brief recap, we constructed the BTC Difficulty Swap as a hedging instrument for miners who wanted to mitigate the risk of an increase in difficulty reducing their expected BTC production. The creation of the contract was certainly not an individual effort, and we certainly want to thank everyone who contributed their expertise during this process.

For any of our readers that have questions about the BTC Difficulty Swap, or would like to discussion other risk management solutions, please feel free to contact us at info@bitooda.io.

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