According to the results of the next recalculation on March 11, the complexity of Bitcoin mining reached another historical record – it increased by 1.16% and amounted to 43.55 Thesh. It is expected to grow again at the next recalculation, and even faster.
Image source: Brian Wangenheim / unsplash.com
The last time the record for the complexity of bitcoin mining was set on February 25 – at that time it reached 43.05 Thesh, and its predicted value after the next recalculation was 43.08 Thesh, that is, the actual result was higher. Bitcoin mining difficulty changes after all 2016 blocks have been mined, which happens about every two weeks. This indicator increases with the growth of computing power of mining equipment operating on the network. The measure is necessary to ensure that each block is mined in about 10 minutes. Once again, the difficulty is recalculated around March 24 – it is expected to continue rising to around 45.42 Thesh, ie 4.29% higher than the current indicator.
The average block mining time today is 9 minutes 53 seconds at an average hashrate – that’s the aggregate performance of all mining equipment on the network – at a current difficulty of around 311.69 Ehash/s, and that’s also a record. For comparison: On February 25, this value was 308.09 Ehesh/s. The increasing sophistication of bitcoin mining suggests new devices are being added to its mining network. Miners are not ashamed of the high price volatility of the largest cryptocurrency: in the last few days alone, it first fell below $20,000 and then surged above $24,000.
Add Comment