April 25, 2024

CoinMetrics: Bitcoin complexity will drop to the lowest levels of 2020

CoinMetrics analysts predict a significant drop in the difficulty of mining the first cryptocurrency as a result of theits upcoming recount, to which less than a week is left.

</p>

According to their calculations, the indicator will decrease by more than 13%, to the lowest value in 2020. The conclusion is made on the basis of current and past indicators of the bitcoin network hash rate.

According to blockchain.com, with respect to the peak mark recorded on March 1 (136.26 EH / s), the BTC hashrate has now fallen by 35% and now amounts to 88 EH / s.

CoinMetrics: Bitcoin complexity will drop to the lowest levels of 2020

</p>

According to CoinMetrics researchers, inAs a result of a sharp decrease in the total computing power of Bitcoin, the average block time for two consecutive days is 13 minutes. The mining time of some blocks reaches 90 minutes.

</p>

Earlier, CoinShares researchers came to the conclusion that after the recent rapid fall in bitcoin, one third of miners became unprofitable.