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Bitcoin mining difficulty reaches new all-time high

March 14, 2024
in Mining, News
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/ freepik

/ freepik

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BTC.com says the rate has increased by 5.79% since the last change date. The first cryptocurrency’s current mining hashrate has also reached its maximum, meaning that more participants have joined mining activity. Currently, the figure is 616.74 EH/s.

The next recount will take place on March 27. The forecast is an increase of 0.07%, according to BTC.com. On March 1, the difficulty of Bitcoin (BTC) mining decreased by 2.9%. The complexity of mining determines the required total power of equipment for mining cryptocurrency. An increase in this indicator brings the halving date of the first cryptocurrency closer.

The BTC mining difficulty indicator began to grow actively in September 2023. Around that time, the price of Bitcoin rose above $30,000. It has always stayed below this level since then.

Source: BTC.com
Tags: BTCHalving

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