As a result of the next recalculation, the complexity of bitcoin mining decreased for the first time since November 2021. The indicator was 27.55 million (T).
In percentage terms, the reduction was similar to the previous one - 1.49%.
Over the approximately two-week period that separates the recalculations of the indicator, the average hash rate was about 197 EH / s against 200 EH / s in the previous time period. Then the complexity recorded a historical maximum of 29.97 T.
In 2021, the hash rate began to fall in May amid problems with the power supply of miners in Sichuan. The contraction continued with the exodus of industry players from China due to the ban. Complexity correlated with processing power was also reduced. According to the results of one of the recalculations in July, the fall was a record 27.94%.
Both indicators began to recover only closer to August. At the same time, the US became the leader in terms of the share in the bitcoin hashrate for the first time.