Bitcoin mining difficulty rose to a new high

Bitcoin mining difficulty rose to a new high

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Author: Robert Strickland (crypto expert)
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Bitcoin mining difficulty rose to a new high
Mining the first cryptocurrency has become more difficult by 2.23%. As a result of another recalculation, the figure increased for the fourth time in a row

The complexity of Bitcoin mining reached a new high on the evening of April 6. It increased by 2.23% to 47.89T as a result of another recalculation, according to BTC.com. The previous record was set on March 24 at 46.84 T.

Mining complexity determines 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 promotion, the target difficulty value is set at 47.89 T (1 T = 1 trillion).

The value is recalculated every 2016 block or approximately every two weeks. This is to ensure that the average block time is about 10 minutes.

The change in difficulty on April 6 did not match the forecast. The figure was expected to decrease by 0.02%, to 46.83 T, but it, on the contrary, increased for the fourth consecutive time. The next recalculation will occur around April 20.

In the two weeks since the last recalculation of the difficulty, the bitcoin rate went down by 1.7% - from $28.4 thousand to $27.9 thousand. According to CoinGecko, in the last 14 days, the asset has been trading in the range of $26.7-29 thousand. On March 30 BTC renewed its maximum in 10 months, rising to $29.1 thousand at the moment.

 

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