Bitcoin mining difficulty hits an all-time high again
Bitcoin's mining complexity hit an all-time high again, reaching 55.6 T
The average hashrate in the network of the first cryptocurrency amounted to 397.74 EH/s
On August 23, the difficulty of bitcoin mining increased by 6.17%, rising to a new all-time high of 55.6 T, according to data from BTC.com. The average hash rate on the first cryptocurrency network also reached a record high of 397.74 EH/s.
Mining complexity indicates the amount of computing power required to find a new block in the Bitcoin blockchain - how many times, on average, miners must calculate the value of a hash function to find a cryptocurrency block. With the current increase, the target complexity value is set at 55.62 T (1 T = 1 trillion times).
The next complexity change is due on September 5. The figure is expected to increase by 0.68%, to 55.9 T.
The average bitcoin hashrate (the average of the total processing power of the equipment mining the cryptocurrency) at the current difficulty was 397.74 EH/s.
- Bloomberg: SEC ready to approve Ethereum-ETF futures applications
- Kaiko: Bitcoin and Ethereum have lost volatility to oil
- Fundstrat predicts bitcoin to rise to $150k if bitcoin-ETF is launched
- The trading volume of the new crypto token SEI exceeded $1.6 bln in a day
- Europe launches first spot bitcoin-ETF
- Singapore adopts rules for Stablecoins as a "medium of digital exchange"
- WSJ: Elon Musk's SpaceX has sold $373 million worth of bitcoin