The average hash rate in the Bitcoin network also reached record values – 374.4 eh/s. The complexity of mining in the network of the first cryptocurrency is recalculated about once every two weeks. The index depends on the hash rate of the network – the higher it is, the higher the complexity becomes;
The previous difficulty record was set on June 1, at 51.23 Tx. It was a record at the time, as the complexity of BTC mining exceeded 50 trillion hashes for the first time;
The first cryptocurrency’s mining difficulty rate has been rising steadily since 2021, when Bitcoin’s hash rate dropped significantly after China banned cryptocurrencies. Since then, miners have moved equipment to other jurisdictions and continue to purchase new equipment, resulting in a growing hash rate. And PRC residents circumvent laws and start cryptocurrency wallets.
Meanwhile, major mining companies continue to build new farms. Recently Canaan
showed its A1366I model with immersion cooling. And MicroBT manufacturer showed three new ASIC miner models at once;