Bitcoin mining difficulty continues to rise after a record drop

On April 21, as a result of another recalculation, the difficulty of Bitcoin mining increased by 8.45% and reached 15.96 T(trillion hashes).

Data: BTC.com

March 9 difficulty updated historic highat 16.55 T amid continued hashrate growth. After the market crash, a few days later, the computing power of the Bitcoin network dropped sharply, losing up to 30%.

According to CoinShares analysts, already atat $ 5350, the operation of equipment providing a third of the processing power of bitcoin became unprofitable. Miners began to turn it off. CoinMetrics experts concluded that, based on the results of recalculating complexity, it will fall by more than 13%. On March 26, the indicator immediately lost 15.95%, the hashrate at that time was 99.5 EH / s.

Data: Blockchain.com

Restoring bitcoin prices to breakeven mining for some disconnected equipment led to an increase in hashrate. Contributed to this and the supply of new ASIC miners.

After another recalculation on April 8, the complexity increased by almost 5.8%, the hashrate by that time reached 105.3 EH / s. Today the figure is 111.12 EH / s.

According to BTC.com estimates, in two weeks the difficulty will increase by approximately 8% and will reach a new historical maximum.

Earlier, Arcane Research analysts analyzed the impact of past Bitcoin Cash and Bitcoin SV halvings on network performance and made a forecast for the upcoming reduction in block rewards for Bitcoin.