BTC mining complexity has updated its historical high

Yesterday, on November 5, a new historical maximum of bitcoin mining complexity was recorded BTC $98,116.11 Bitcoin 5.31% Market capitalization $1.94 trillion VOL. 24 hours $5.78 billion , which reached 101.65 T, up 6.24% from the previous figure. According to the CloverPool platform, the average network hashrate, which reflects the required computing power, is 709.87 EH/s.

The mining difficulty indicator is automatically updated every 2016 blocks (approximately every two weeks). This relative parameter shows how difficult it is to find a new block compared to the initial level of bitcoin’s existence. An increase in the indicator indicates an increase in miner activity and capacity.

The new increase in difficulty brings the next bitcoin halving closer, during which the reward for a mined block will be reduced. The previous halving took place on April 20, 2024, and the next difficulty adjustment is expected around November 19.

Despite the steady growth of interest in mining, analysts warn of possible environmental consequences in case of restrictions or bans on this activity.