The complexity of mining Bitcoin reached a new record level

As a result of the next recalculation, the complexity of mining Bitcoin rose to a new historical maximum, reaching a figure of 7.459 T.

This is slightly higher than the previous record level of 7.45 T, recorded at the beginning of October 2018.

In general, according to the portal coinwarz.com , over the past seven days, the complexity of extracting the first cryptocurrency increased by 11.26%, over the past 30 days, an increase of 17.42%, and over 90 days – 22.86%.

The bitcoin hashrate network, that is, the cumulative power of all computing power, although showing a positive trend since the beginning of the year, has slipped a bit in recent days. As of June 1, the figure is 43.39 EH / s.

Recall, on May 2, the bitcoin hash rate reached 58.1 EH / s , thereby updating the 6-month maximum.

Earlier, DataLight researchers found a curious correlation between the growth of Bitcoin and the complexity of its production. So, in 2019, an increase in complexity three times preceded a sharp upward price movement.

Subscribe to the BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.