2023 Report for Bitcoin Mining: It Changed 27 Times This Year!

The mining difficulty on the Bitcoin blockchain has changed a total of 27 times this year.

Mining difficulty changes every 2,016 blocks this year to maintain an average block production time of 10 minutes on the blockchain. 20 times increase, 7 times decrease showed.

The biggest increase among these was on January 16. with a change of 10.26 percent occurs, the smallest on August 9 0.12 percent happened with.

At the beginning of this year 34.09 trillion Mining difficulty at 23 December last update of the year after it is done 72.01 trillion changed to . next update It will happen on January 4, 2024 Waiting.

Bitcoin miners in total between December 26, 2022 and December 26, 2023 54 thousand 35 blocks were dug. 16 thousand 494 of these were excavated by Foundry USA and 12 thousand 280 were excavated by Antpool.

According to Coinmetrics data, Bitcoin miners will lose an average of 2 million dollars earned income. This is from year to year a 400 percent increase represents.

Miners are preparing for the halving, which is expected to occur in April 2024 and will reduce block rewards by half, throughout this year. Increased hash rates by nearly two times.

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