Bitcoin mining difficulty index increased after the previous decrease

On December 19, the cryptocurrency No. 1 mining difficulty indicator went up by 3.27%.
On December 6, block #766080 of the bitcoin blockchain saw a record-breaking decrease in this year’s cryptocurrency #1 mining difficulty indicator, and on December 19 this indicator has already shown an increase – plus 3.27%. In between these two changes, bitcoin’s average hash rate was 245.1 Eh/s, and the average time between blocks was 9 minutes and 41 seconds. In the week that ended December 6, bitcoin’s hash rate was higher (253 Eh/s) than in the week after that.
The last change in the difficulty indicator occurred at block #768096, and the indicator value reached 35.36 trillion. The current increase at that only partially compensated the decrease of the indicator in the previous time, which was -7.32% in percentage terms.
The bitcoin mining index is now 45.7% higher than it was on December 25 of last year, when it was 24.27 trillion. The bitcoin mining index is now 5.58 U.S. cents per Th, which is significantly lower than it was a year ago at 24.8 U.S. cents. This should be taken into account that the U.S. currency has strengthened over the past 12 months: the dollar index has risen by 8%.
Bitcoin miners are currently in a favorable The situation for investing in their activities, given the record discounts on mining equipment. That said, a significant rise in the market price of bitcoin, unless it happens earlier, is associated with the next halving, which will tentatively occur in 2024 on block #840000. This could happen sometime in March 2024 and the reward will then drop to 3.125 bitcoins per block.

Leave a Comment