Bitcoin mining difficulty could jump sharply on March 10

In connection with the expected restoration of the supply of mining equipment, the complexity of Bitcoin mining may soon increase. It is reported by The Block.

The mining complexity is adjusted every two weeks, calculating the power needed to find a new block. The next difficulty calculation is due on March 10th. For the first time in 2020, the complexity decreased slightly against the outbreak of coronavirus on February 25th.

The quarantine measures taken by China led to delays in deliveries and the closure of some mining centers, but most of them still continued to work, industry officials said.

In mid-February, the Chinese government eased quarantine measures to stimulate the economy. Miner producers Canaan and Bitmain partially resumed equipment supplies.

“We returned to work as soon as the municipal government of Shenzhen agreed to this. There were no delays ”, - said an employee of Bitmain.

After government concessions, the miners received new equipment, which will soon be installed and launched. According to experts, this should lead to an increase in the complexity of bitcoin mining in the near future.

Recall, recently, the bitcoin hash has updated its historical maximum. Read also about the outbreak of coronavirus and its impact on mining in China and the bitcoin industry.

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