The complexity of bitcoin mining has come close to a historic high

The parameter, which shows the cost of finding one block in the cryptocurrency network, increased by 8.87%.It is forecast to continue to grow in December.

As a result of the next recalculation carried outevery two weeks, the difficulty of mining bitcoin has increased by 8.87% and is now 19.16 trillion hashes (T). This was announced by the analytical service Glassnode in its Twitter account. To update the all-time high of 20 trillion hashes, the indicator needs to grow by another 4%.

#Bitcoin mining difficulty increased by 8.9% today.

It is now only 4.4% below its ATH.

Chart: https://t.co/qtmuDmTfGS pic.twitter.com/1eX63yBAgc

— glassnode (@glassnode) November 29, 2020

According to the forecasts of the btc.com portal, the difficulty of mining will continue to grow. It is expected that after the next recalculation, the figure will increase by another 7.26% and reach 20.55 trillion hashes.

Bitcoin mining difficulty reacts tochanges in the amount of computing power of the network. If the hash rate increases, the time spent by one block in the BTC blockchain decreases. But it should always be about 10 minutes. To keep the condition, the complexity rises and falls in parallel with the hash rate.

Mid-November Bitcoin mining profitabilityupdated the annual maximum. Then the daily income of BTC miners was $ 21.2 million. This amount is made up of the remuneration miners receive for finding a block and commissions for conducting transactions.

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