As a result of another recalculation of the complexity of mining Bitcoin on the night of January 1, this figure increased by 10%. This is the first increase in complexity since October 2018.
The complexity of mining is a parameter of the blockchain network, which shows how difficult it is to perform a mathematical calculation to find a new unit and, accordingly, to receive an award for it.
So, according to Bitcoin Wisdom , as a result of the new recalculation, the complexity increased by 10%
At the same time, over the past few days, bitcoin hash has grown slightly and hashrate – the total computing power of mining equipment involved in the process of cryptocurrency mining.
In total, in December 2018, Bitcoin hash rate increased by about 35%, making 43,291,797 TH / s on the last day of the year. Nevertheless, these figures are still quite far from the peak figures of August 2018 – 61 866 256 TH / s.
Source: Blockchain.com
Recall that the complexity of mining Bitcoin during 2018 fell five times, while since November it has happened three times in a row. The largest such decrease – by more than 15% – was observed at the beginning of December. Two weeks later, this figure fell another 10% .
Meanwhile, the new year, the market of cryptocurrency meets a slight decrease in quotations. So, as of 18:30 UTC, the weighted average rate of Bitcoin, falling by 1.72% over the day, was $ 3,723.87. XRP fell by about 1% and was priced at $ 0.353780, down by 1.61% in the price of ETH – at the time of publication its weighted average rate was $ 134.38. The total market capitalization is 125.7 billion (Bitcoin – 51.7%).
As BlockchainJournal wrote earlier, Paul Vigna, a cryptocurrency expert of the Wall Street Journal, came to the conclusion that, against the background of the fall in world indices, Bitcoin became more closely correlated with gold.
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