- Since the beginning of the year, the figure has increased by 30%
- This was due to an influx of new miners and capacity
- But in 2 weeks, the difficulty dropped from 48.71 tons to 48.01 tons
As analysts predicted, the new correction in BTC mining difficulty has turned negative.
This is evidenced by data from BTC.com. After another recalculation, the figure dropped by 1.45%, to 48.01 T. And the average hash rate of the network is 343.07 EH/s.
This means that the processing power in the network has dropped slightly, making it easier (read: cheaper) to mine new blocks.
Why has mining complexity dropped
To answer this question, we must first analyze the reasons for the previous increase. The difficulty of mining has increased by 30% this year and at one point reached a record.
This figure increases when more miners (computing power) come in, and conversely decreases when miners leave.
In 2023, we saw an influx of new miners caused by the BTC surge. Also, many companies have put in more modern installations with higher power.
The recent drop in the difficulty of mining is also due to several factors. First, it is the harsh U.S. policy, which is forcing many companies to stop their activities and look for new regions.
Secondly, in recent days we have seen a correction in the market. That means weaker competitive miners may have left the network.
The difficulty level of BTC mining is recalculated every 2016 blocks (about once every 2 weeks). Experts expect the new metric to be 0.3% higher, reaching 48.15T.