Bitcoin mining problem is predicted to extend by a minimum of 3% on Dec. 19 for the ultimate adjustment of the 12 months, based on Bitrawr Bitcoin problem estimator.
Based on the info, BTC’s present mining problem is at 34244331613176.18, and the estimated 3% improve would take the mining problem to between 35421102548895 and 35421764497396.
Mining problem describes how tough it will get to resolve the cryptographic puzzle essential to create a block on the Bitcoin community and adjusts each two weeks.
BTC mining problem in 2022
In 2022, BTC witnessed 26 mining changes –16 of them had been optimistic, whereas the remaining ten had been adverse. That is barely totally different from 2021, when the flagship asset noticed 27 mining changes –19 of those changes had been optimistic, whereas eight had been adverse. On the time, BTC noticed 9 consecutive optimistic changes after China banned Bitcoin mining.
Based on the above chart, BTC mining problem is demonstrated with the orange line. The mining problem skilled a major surge in October. Nonetheless, it plateaued in November earlier than dropping to its present state in December.
Regardless of the drop, Bitcoin’s problem will end the 12 months simply 4% beneath its all-time excessive which reveals that the mining problem stays excessive.
The file excessive degree of mining problem in 2022 was on account of a rise in hash price, which has left a number of miners struggling for profitability, particularly with BTC’s value declining.
Even with a number of miner capitulations, Bitcoin hashrate continues to be very excessive. Since peaking in November, BTC’s imply hash price on the 7-Day Shifting metrics has dropped, however it’s nonetheless above 240 exahashes.