The complexity of Bitcoin mining reaches new heights as the BTC / USD pair reaches an annual peak. However, there is no shortage of mining, as the hashrate has also peaked in recent days. There were suggestions that BTC mining will decrease after halving in may 2020. Well, the number of miners is growing
The complexity Of bitcoin mining is unlikely to reduce mining activity
The complexity of Bit mining refers to the computing power required to mine a single coin. Miners spend more to earn BTC, even though prices for mining installations are also rising. In addition, in the report made by BTC.com it is said that the complexity will become higher, and will increase by 3 percent at the next adjustment to the level of 17.45 T.
In July, the complexity of Bitcoin mining reached 17.35 t. Since then, it has averaged more than 16 t.
According to the data published by BitInfoCharts.com, over the past 24 hours, there has been a 4 percent decrease in hashrate. For comparison, the mining complexity has an adjustment period of two weeks to take into account the 10-minute block time.
As the BTC / USD pair reaches the $ 12,000 mark, miners are more focused on spending their BTC.