The Difficulty of Mining Bitcoin has Surpassed its Historical Maximum

The Difficulty of Mining Bitcoin has Surpassed its Historical Maximum

The Difficulty of Mining Bitcoin has Surpassed its Historical Maximum

The difficulty of mining bitcoin, as a result of another recalculation, has updated its all-time high at 19.31 T. The previous record was set on August 24, 2020, at 17.56 T, according to the BTC.com pool. This growth is associated with an increase in the amount of computing power in the network of the first cryptocurrency.

According to blockchain observer Blockchain.com, the average hash rate of the main digital coin has continued to grow over the past week. At the moment, it reached a new maximum of 153 TH/s. This has resulted in a high rate of block additions to the blockchain in the past two weeks. A new block was added on average every 8 minutes 59 seconds with a target of 10 minutes. Because of this, the tuning mechanism increased the complexity of the network to compensate for deviations from the norm.

At the moment, bitcoin is worth $ 10,701. Over the past day, its rate has not changed, over the week it has increased by 4%. The share of the main digital coin in the market is 57.7% with a total cryptocurrency capitalization of $351 billion.