cryptofamily

Cryptocurrency mining has become 50% more difficult over the past year

Bitcoin mining difficulty has set a new record. On the morning of December 16, during another recalculation, the indicator grew by 4.43% and for the first time reached 108.52 T (trillion). This means that miners now need to perform more than 108 trillion calculations required to mine one block in the Bitcoin network and receive a new 3.125 BTC.

A year ago, Bitcoin mining difficulty was at 72 T. Since then, it has grown by 50%. The increase in difficulty is due to the fact that miners are connecting more and more equipment to mine the first cryptocurrency.

BTC mining is automatically complicated or simplified approximately every two weeks. This is necessary so that the rate of emission of new bitcoins does not change. Difficulty increases to compensate for the growth in the amount of equipment connected to cryptocurrency mining.

108 trillion calculations?! That’s not mining anymore; that’s straight-up sci-fi😏 1010 $degen

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I know my way around crypto and pearls. I love exploring new horizons — both in travel and blockchain. My family is my greatest investment, always in profit!