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New maximum BTC mining difficulty

by Vaibhav
January 16, 2023
in News
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New maximum BTC mining difficulty
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After the next recalculation, the complexity of bitcoin mining reached a record high of 37.59 T, having increased by 10.26%.

In the two weeks between recalculations, the average hash rate was 269 EH/s. As a result, the interval between blocks was reduced to 9 minutes.

Growth is also associated with the recovery of the mining industry. Recall that in December was a collapse, associated with the storm that covered the United States. Due to bad weather, many local miners suspended the work of data centers to balance power grids or for the safety of personnel.

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Already on January 12, the smoothed 14-day moving average (14d MA) hit a new all-time high of 270.25 EH/s. The corresponding 7d MA returned to November highs near 272 EH/s.

Together with the recovery of the price of bitcoin to $21,000 levels hashprice rose to around $0.078 per TH per day. The increase in complexity has collapsed the indicator by about 10%.

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