Is it getting harder and harder to mine Bitcoin?

On April 6, the complexity of bitcoin mining increased by 2.3% to 47.8T. In 2023, the figure renewed its historic high four times.

The approach of the largest digital currency to the $30,000 mark has been one of the main drivers of the activation of miners.

The complexity of BTC mining changes after every 2016 block is released.

In recent weeks there has been a steady increase in the complexity of mining, only on February 11 after another adjustment it slightly decreased, after which the growth resumed again.

The increase in the complexity of BTC mining is due to the growing computing power of the network.

According to BTC.com, the hash rate reached 338 hashes per second (Eh/s). Over the past few days, the hash rate has decreased by about 20 Eh/s. If capacity weakens in the coming weeks, the difficulty of mining will also decrease.

Network activity has been weakening since the beginning of last week, as evidenced by Bitinfocharts data. The average daily number of transactions on the blockchain collapsed from 420,968 to 278,258. As a result, transaction fees also fell sharply. They now stand at $1.7.