Published: 28.04.2022
Article reading time:
1 min.
The next recalculation of the difficulty of mining the first cryptocurrency showed that the indicator increased by 5.56%, reached 27.79 trillion hashes and set another record.
The new difficulty record will make bitcoin mining more time-consuming and less profitable. However, this is a standard situation – the hashrate of the network of the first cryptocurrency continues to grow, so the complexity of mining also grows. At the same time, during the last recalculation of complexity, the indicator decreased by 1.26%. The next difficulty recalculation is expected to exceed 30 trillion hashes for the first time.
Recall that the difficulty of mining in the network of the first cryptocurrency is recalculated about once every two weeks. The indicator depends on the network hashrate – the higher this indicator, the higher the difficulty becomes – so that miners mine a block every 10 minutes, and not more often.
Mining difficulty has been growing steadily since July last year, when the hash rate of the Bitcoin network dropped significantly after the ban on mining in China, and difficulty fell after the hash rate. But since then, miners have moved hardware and keep buying new ones, so the hashrate and difficulty are on the rise.
Earlier, the American mining company Riot Blockhain announced plans to expand its capacity to 1.7 GW.
Source: Bits
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