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As a result of the next recalculation of the complexity of mining in the Bitcoin network, a new record was set: 46,84 T. This is the third increase in complexity in a row. Explain, What does it mean for miners.
Bitcoin mining
For the first time in its history, the difficulty of mining exceeded the indicator c 45 T (trillion), and according to forecasts as a result of the following change in complexity, it will increase to level in 48,8 T. In this way, Recalculation in favor of an increase can occur for the fourth time in a row. For the most part, this indicator has increased from the beginning 2023 of the year, And the latest serious kickbacks were observed in December 2022 of the year, when the complexity did not even reach 40 T.
With the current level of complexity and the number of blocks before it is recalculated in real time, you can monitor the BITS.MEDIA tools at the link.
Recall, that the average search for a new block on the network is 10 minutes, and the recalculation of complexity occurs every 2016 blocks or about once every two weeks. If the total computing power in the network is growing and the speed of searching the unit increases, As a result of recalculation, the complexity is changed. The shorter adjustment, respectively, occurs against the background of a decrease in the total computing power and an increase in the time interval to search for one block.
Total, The complexity of BTC production is now at a historical maximum. At the same time, the block time remains almost constant - 10 minutes, which is not least achieved due to the effectiveness of modern equipment. The last strong deviation was 23 Martha, When the indicator fell to 7,87 minutes.
When analyzing the state of the network, it is worth considering this indicator, like the current shifer of Bitcoin mining. At the moment, it is more 360 Exax / sec.
With the current level of the current Heshreite Bitcoin and the dynamics of real -time changes, you can get acquainted with the link.
As we see, The dynamics of the current hashrate correlates with a change in the complexity of the network. This indicates, that miners prefer to use more and more computing capacities specifically in the Bitcoin network, Despite the protracted cryptosim, fall in the course in 2022 year and severe financial consequences, including in the form of bankruptcy for individual players.
Calls for miners
In this situation, individual experts,
Including Cryptonomist, see certain difficulties and challenges for miners.
The main problem is, that the more complicated is cryptocurrency extraction, the more this requires energy costs. The difficulty of mining lies in a large number of calculations of hash functions before, how the same meaning will be found, with which the block will be confirmed. For each confirmation, a reward is laid, which is currently equal 6,25 BTC. Obviously, that this work involves a huge amount of electricity.
On the other side, The release of new ones, Including more energy-efficient ASIC solutions and the development of new technological processes for such devices leads to a decrease in energy consumption levels by a separate unit of equipment. This allows you to spend less energy on processing the same amount of hash functions. Hence, There is a certain rebalance of costs due to the complexity of mining. But in any case, the competition in mining and the chances of a successful search for the block (and that means potential income with an equal course BTC) A separate miner is reduced.
This statistics
Cryptonomist experts confirm, Noting, that over the past seven years, hashrate has grown about seven times, Whereas the power consumption of the network is only twice. In favor of this, the relatively stable level of the energy consumption index during BTC mining..
Source: hashrateindex.com
The level of the hash
As we have already mentioned, There is a dependence: The difficulty is growing due to the low time search time, and it, in turn, decreases due to an increase in the hash.. In turn, miners compete, to get as much hashrate as possible and maximize the likelihood of mining of this single value. That is why they are united in pools, dividing their income in proportion to the results and capacities invested in the network.
Besides, There is always a problem of actual profit from mining, which depends on the market value of bitcoin. Because the conversion to fiat equivalent 6,25 BTC, When Bitcoin stands 69 000 dollars, This is one, And "cashing", when BTC costs everything 23 000 dollars, - completely different.
Currently, the complexity is at a record high level, And the market value of BTC is more than 60% Below the historical maximum. Based on this, Miner income are close to minimums of the end of last year (Then the local minimums of the course were reached). From this data it becomes clear, Why 2022 The year was the worst year for mining bitcoins.
High level of hashrate and record complexity may indicate an increase in the interest of miners in Bitcoin as a long -term asset, Since momentary profit, taking into account all costs is controversial. Potentially, such an interest leads to an increase in the cost of mining new coins, And the rate of individual players for long -term prospects and the holding strategy can be considered as one of the possible signals for further growth in the course.
This material and information in it is not an individual or other other investment recommendation. The view of the editorial office may not coincide with the opinions of the author, analytical portals and experts.