-- On November 18, the complexity of bitcoin mining increased by 0.64%.
-- The indicator set a historical maximum at 102.29 T.
-- The average hashrate is 921.03 EH/s.
On November 18, 2024, the Bitcoin($BTC
mining difficulty index updated its historical maximum at 102.29 T. Since the last date of the change, it has grown by 0.64%, according to CloverPool.
The current average hashrate on the bitcoin network is 921.03 EH/s.
The Block material explains that mining complexity is not measured in specific units. This is a relative indicator that demonstrates how much more difficult it is now to mine a new block compared to the simplest period in history. The system automatically adjusts the difficulty every 2016 blocks, which roughly corresponds to a two-week interval.
The higher the complexity of mining, the more resources — computing power and electricity — miners need to find the correct hash of a new block. An increase in this indicator usually indicates an increase in the activity of miners, while its decrease indicates a decline in such activity.
The increase in this indicator brings the date of halving of the first cryptocurrency, which last took place on April 20, 2024.
The next recount will take place approximately on December 2.
Earlier, we reported that the Greenidge Generation miner won a court case for the right to mine bitcoin in New York State.
