The complexity of mining cryptocurrency bitcoin has broken the historical maximum

Yesterday, on September 19, the next recalculation resulted in a 5.48% increase in the complexity of bitcoin mining, which is a new record. The current average hashrate of the entire network is 424.14 EH/s.

It is worth noting that the complexity of mining determines the total power of the equipment required for efficient cryptocurrency mining.

According to BTC.com analysts, the next recalculation will take place on October 2. Experts expect an increase of 0.33% to 57.31 T.

As a reminder, on September 6, the complexity of bitcoin mining decreased by 2.65% to 54.15 T. Before that, on August 22, the figure reached the then historical maximum of 55.62 T.

Last May, Geneious CEO Daniel Batten published a report stating that bitcoin mining using energy generated from the combustion of associated methane could reduce CO2 emissions by 5.32%.

Batten is confident that by 2045, bitcoin mining can prevent global warming by 0.15%, and no other technology can achieve more. According to him, bitcoin mining is more efficient than using carbon credits or government programs to reduce harmful effects.