In just over two months, the indicator that determines the amount of computing power for finding a new block in the network of the first cryptocurrency has grown by 39%
On October 5, after another recalculation, the difficulty of Bitcoin mining increased by 4.71%, to 19.89 trillion hashes (T), according to BTC.com. The indicator has grown for the sixth time in a row. Since the end of July, the complexity of mining the first cryptocurrency has grown by 39% in total.
The difficulty of mining bitcoin dropped record-breaking from the end of May to mid-July due to the complete ban on the mining of cryptocurrencies by the Chinese authorities. Due to restrictive measures in China, the hash rate of the first cryptocurrency decreased by more than 50%, as miners massively turned off equipment for relocation to other countries. Now the hash rate is being restored and on October 5 it is 136 Eh / s (exahashes).
On October 5, the price of bitcoin surpassed $ 50 thousand for the first time since September 7. Over the past day, the cryptocurrency has risen in price by 5%. Growth for the week was 18%.