THE COMPLEXITY OF CALCULATIONS IN THE BITCOIN NETWORK DECREASED BY 7%
With the reduction in the number of miners, the hashrate in the Bitcoin network also decreased. Accordingly, the complexity of calculations automatically decreased by 7% when generating new blocks. This drew the attention of the portal Coinidol.
As noted in the publication, this decline is a consequence of the Bitcoin low cost compared to the last year’s heights. The decrease in the complexity of calculations will continue until the price of bitcoin returns to the growth stage. At the moment, the hashrate fell from 5.8 TH/sec. up to 5 5 TH/sec.
Earlier, the media reported that several large mining farms left the cryptocurrency market and switched to other activities, in particular, the provision of cloud storage services. For example, in that way major firm Bladetech changed its specialization.
It was previously revealed that only five Bitcoin ASICs released in 2018 were making a profit in December.