Bitcoin mining has become more difficult and energy-intensive
Bitcoin mining difficulty increased by 13.55% to 36.32 T (trillion hashes). To get 1 BTC, you will have to spend more electricity, time and computing power of the equipment. Experts attribute this phenomenon to the transition of Ethereum to the Proof-of-Stake protocol and two other factors.
Conventional Ethereum mining with the transfer to the new protocol became impossible, because thousands of pieces of equipment began to mine bitcoin. Experts believe that this aspect could contribute to an increase in the complexity of BTC mining. Other factors analysts call an increase in electricity prices and a fall in the rate of bitcoin.
Difficulties have affected not only amateur miners. So, the Argo Blockchain crypto farm from the UK had to turn to investors for help in resolving financial problems due to the depreciation of the cryptocurrency. The American company Computer North went bankrupt.
The increase in the complexity of bitcoin mining led to a decrease in its rate by 5%, but later the quotes returned to almost the same level.
Decrease in BTC/USD quotes for the week
Conventional Ethereum mining with the transfer to the new protocol became impossible, because thousands of pieces of equipment began to mine bitcoin. Experts believe that this aspect could contribute to an increase in the complexity of BTC mining. Other factors analysts call an increase in electricity prices and a fall in the rate of bitcoin.
Difficulties have affected not only amateur miners. So, the Argo Blockchain crypto farm from the UK had to turn to investors for help in resolving financial problems due to the depreciation of the cryptocurrency. The American company Computer North went bankrupt.
The increase in the complexity of bitcoin mining led to a decrease in its rate by 5%, but later the quotes returned to almost the same level.
Login or register to post comments
Comments 0