Bitcoin Difficulty. All about cryptocurrency - BitcoinWiki
Bitcoin Difficulty. All about cryptocurrency - BitcoinWiki
What are the risks associated with Bitcoin cloud mining ...
Bitcoin Mining Difficulty: A Self-Regulating System by ...
What is Bitcoin Mining Difficulty
Bitcoin Mining Difficulty - What is it and how it works?
Bitcoin Difficulty going down for the second time.
In a matter of hours bitcoin's difficulty factor will go down for the second time in as many sessions. https://cryptanalys.is/difficulty/bitcoin_btc.php The reason behind this would seem to have to do with supply and demand. Obviously the price of bitcoin has been going down most of the year. The effect it seems is that new minors are not coming into the ecosystem. Unless you're a hobbyist, or somehow have some great discounts on mining equipment, you're probably not mining now. It's getting harder to make money mining at this time. You would be better off saving the money as bitcoin and waiting for it to appreciate.
08-21 21:52 - 'Not so fast. / BCC's difficulty adjusts more often than BTC's difficulty. / When BCC adjusts down, miners jump on BCC to make profits until BCC adjusts up. Then BTC is more profitable, they go back to BTC. / In the m...' by /u/AnythingForSuccess removed from /r/Bitcoin within 20-30min
''' Not so fast. BCC's difficulty adjusts more often than BTC's difficulty. When BCC adjusts down, miners jump on BCC to make profits until BCC adjusts up. Then BTC is more profitable, they go back to BTC. In the meantime BTC has slowed down a lot. The only way to kill permanently BTC is: BCC pumps and BTC crash together, when BCC's difficulty adjusts upwards, it's still more profitable to mine BCC. BTC slowed down inexorably. All it would take is a big enough bch pump at the right moment after bch&btc difficulty adjustment. So...let me ask you this: What do you think will happen? ''' Context Link Go1dfish undelete link unreddit undelete link Author: AnythingForSuccess
08-21 21:02 - 'Yes, it is bad. / BCC's difficulty adjusts more often than BTC's difficulty. / When BCC adjusts down, miners jump on BCC to make profits until BCC adjusts up. Then BTC is more profitable, they go back to BTC. / In th...' by /u/AnythingForSuccess removed from /r/Bitcoin within 14-24min
''' Yes, it is bad. BCC's difficulty adjusts more often than BTC's difficulty. When BCC adjusts down, miners jump on BCC to make profits until BCC adjusts up. Then BTC is more profitable, they go back to BTC. In the meantime BTC has slowed down a lot. The only way to kill permanently BTC is: BCC pumps and BTC crash together, when BCC's difficulty adjusts upwards, it's still more profitable to mine BCC. BTC slowed down inexorably. BCC takes the place of BTC. ''' Context Link Go1dfish undelete link unreddit undelete link Author: AnythingForSuccess
The Bitcoin difficulty seems destined to go down for a third time.
There has been a spike up in the difficulty to hash rate ratio and blocks are taking longer then 10 minutes to solve. This is taking it's toll on the future difficulty factors and moving them lower for the first time in years. https://bitcoinwisdom.com/bitcoin/difficulty This is an erosion of the ecosystem from the inside out that can most readily be taken care of by upticks in price. Even increase due to leaps in technology are less likely with the price on the way down. The hash rate is definitely following the market price down making it longer than 10 minutes to find blocks.
03-12 06:17 - 'Fees are already going through the roof and people are still using Bitcoin. And if they stop using Bitcoin fees will automaticly go down. / And after those 2 months of waiting for the next difficulty adjustment we will finally ge...' by /u/aziuy removed from /r/Bitcoin within 31-36min
''' Fees are already going through the roof and people are still using Bitcoin. And if they stop using Bitcoin fees will automaticly go down. And after those 2 months of waiting for the next difficulty adjustment we will finally get Segregated Witness which will increase capacity and get us all sorts of cool stuff. And I wouldn’t be surprised if Bitfury and some other pools fire up some old hardware after the fork. This way we will have a difficulty adjustment much sooner. It will also be very profitable for them to do so because they can be sure the difficulty won’t change as fast as it usually does. :) Besides, most trade happens off-chain on the exchanges, so the people that determine the price will feel no effect of this decrease in transaction throughput. That’s why you never see the price of Bitcoin decline when there are a lot of unconfirmed transactions.
No sane user would stay unless they are doing it out of spite, which is stupid.
[uncensored-r/Bitcoin] Why is mining difficulty going down?
The following post by ditidb is being replicated because the post has been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7g91hu The original post's content was as follows:
I understand the principle behind mining difficulty going up and down to regulate the number of bitcoins being created but with the current value of bitcoin I can't imagine there are fewer people mining. There must be more and more people jumping in on mining.. so why had the difficulty rate gone down 3 times in a row now?
Wholeheartedly willing to get downvoted, but this RMT obsession has to stop.
This sub hasn't got a clue, I swear. Huge sweeping changes to the game mechanics are a terrible way to combat RMT. It's basically an admission that your anti-cheat doesn't work. Most MMOs suffer in some way from an RMT problem; WoW, Runescape, even Destiny 2 has RMT issues if you just look. Thing is, the anticheat in those games actually works worth a damn, so the entire playerbase doesn't have to suffer from endless tinkering with in-game systems. Before you hit me with 'it's a hardcore game, deal with it, it's supposed to be grindy', just stop. Just don't bother. I've heard it time and time again, and it's bullshit. You know it's bullshit just as well as I do. The changes BSG have been making recently to nerf all forms of progression only make the game 'more hardcore' for people who work full time and don't have the same amount of *time* as streamers who dedicate their entire life to this game. That's not 'hardcore'. The game's difficulty mechanically is 'hardcore' and always have been, and I love it. These changes, though, in my eyes, are just time-wasting for the sake thereof. Since when does the amount of time one has to invest in a game define how fucking hardcore it is? Would you describe WoW as more hardcore than Tarkov because of how long you have to play to progress? Or perhaps beating all three Witcher games back to back is 'hardcore' because it took a long time. Are ARMA or DCS inherently less hardcore than Tarkov because an operation can be completed in an afternoon? No, judging how hardcore a game is by the amount of time one has to invest in it is a joke. *No game* should give enormous *mechanical advantages* to those with more time on their hands. There's already an inherent skill advantage that comes from that amount of practice, designing the mechanics to also reward only those with that much time is a kick in the teeth to all the people who love this game but can't invest that level of time. And yeah, you can go ahead and say 'ummm actualllly it's a beta, so they can do what they like, stop whining', and yep. Yes, they can. You're correct. However, comma, that doesn't mean I have to pretend to like it. Yes, I did buy EoD and no, I don't regret it because of all the fun I've had til now. But suggesting people who don't like the current direction the game is going in aren't allowed to voice their opinion because the game's in beta is fucking ludicrous. What do you think the purpose of a playable beta is? Nikita is more than welcome to ignore all the people who don't like these new changes, but what gives people on this sub the right to tell me that I'm not entitled to an opinion on the product I've chosen to financially support. It's such a toxic, capital-G Gamer attitute to suggest that 'Tarkov is OUR game because we're willing to dump several full days a week into grinding for our Bitcoin farms. You should just go and play something else, this clearly isn't a game for you. Go play Call of Duty.' I shouldn't even have to express how utterly reductive and childish that is. Grow up. I'm getting HUGE red flags with the way this game is currently going, because it's all too similar to a game I used to love, The Culling. That game blew up on launch and a bunch of high profile streamers suggested changes to the game, and the devs went ahead and implemented all of them without so much as *thinking* about how they'd affect the average player. Look at where that game is now. Servers shut down, because the average player simply stopped having fun. I'm not saying BSG is even close to that bad, but this endless tinkering with mechanics for the nebulous, vague purpose of 'RMT' has to stop or I don't know if the 'little guys' are gonna stick around much longer. EDIT: I AM AWARE THAT RMT != CHEATING. But cheating is what makes RMT viable. RMTers need to keep items in supply, and to do that, they cheat. It's much more profitable. Ergo, if you stamp out cheaters, the RMT problem becomes significantly diminished. EDIT 2: u/ArxMessor makes a great point that Tarkov is an MMO and therfore should have some kind of grind. I agree. However, most MMOs use systems like weekly bounties etc to ensure even players with only maybe 10 hours a week to invest in the game can still keep up and compete. Tarkov currently rewards time investment *exponentially* which removes all possibility of catching up. EDIT 3: Yep, my DMs right now are very much confirming the things I said above about a certain subset of this community. Thanks, Gamers. EDIT 4: I get it, Destiny anti-cheat is ass. I made a mistake there, since I don't play Trials of Osiris. However, do you see Bungie making the win requirement for Trials 50 wins instead of 9 or whatever just to slow down the hackers? Of course not, because it hurts normal players more. Edit 5: My first gold! Thanks kind stranger.
https://www.change.org/p/bitcoin-cash-community-bitcoin-abc-must-step-down-from-control-of-bitcoin-cash[change.org](https://www.change.org/p/bitcoin-cash-community-bitcoin-abc-must-step-down-from-control-of-bitcoin-cash) Introduction Bitcoin Cash lived because of Amaury taking control against the community and being able to push through the brainwashed community of Bitcoin, especially BitcoinTalk and Bitcoin back in 2017. But today, where BCH has split into BCH and BSV, his actions are attempting to destroy BCH himself by doing things not wanted by the remaining community that supports the BCH goal in general. Last March, he pushed forward for the Infrastructure Funding Plan, a way to pay the developers from a small portion of the blocks mined by the miners. However, it's implementation was not a very good one, due to its inherent limitations by only making Bitcoin ABC, which was the main mining node, dictate which wallet address does the "IFP" coins go to, and therefore Bitcoin Cash Node (BCHN) was created without it as Bitcoin ABC still has the IFP in their code. Last few weeks ago, Johnathan Toomin proposed the ASERT DAA for a replacement DAA or difficulty adjustment algorithm. However, because Toomin created it on BCHN and not ABC, it was not taken by Bitcoin ABC and Amaury created Grasberg DAA in response. This DAA was hastily made and was immediately put into the Bitcoin ABC. The code is currently being under review and a lot of it is being heavily rewritten back conform with Toomin's ASERT, which had been a better proposal in itself. Take note that Grasberg did not start as a proposal. In smaller related news, Shammah Chancellor created a meme competition about Bitcoin Cash's current community. The people liked it and most of Read.Cash joined it, however, it broke an essential rule from the media platform, due to the main goal for the memes containing controversial name-calling insults for Amaury and status in the Bitcoin Cash community. While the competition is in good graces, what we all don't know is that memes will only encourage those of ill intent to continue them, knowing that it will merely rile up those who do not want the struggle and the FUD and they will attack others in a deeper level. It had a side-effect of the Read.Cash developer banning himself from it. Some people take memes seriously, and they do not care if you say they are satire or not. This brings us to my point. We need a change of direction, and it starts with the hero who had turned into a villain and the community he has with it. Amaury Séchet should stop controlling the Bitcoin Cash protocol and allow others to implement their proposals. If you can't do it, get someone else. Shammah Chancellor should stop being a hypocrite and saying this (and this!) while going out to proclaim that Read.Cash is censored. Go do your own thing if you don't want it. C. Edward Kelso should stop making anyone who is against Shammah nor Amaury or any of the Bitcoin ABC members look bad. Write the truth if needed. Heavily imply it, if you can't stop doing it your badly-described articles. Bitcoin Cash should not be led by these people if all they do not bend down and take the community at their backs. We already have great progress and these setbacks will cost us the whole Bitcoin promise. We are already under attack. Do not let them destroy it.
When prices go down, such entities find themselves reeling into obscurity because their costs become too much. During a price downturn, it can be the best time to buy into mining and Bitcoin from a high-efficiency miner. You can mine more Bitcoin when mining difficulty goes down and sell mined Bitcoin for good profits when prices rebound. Mining difficulty is thus ever-changing and contingent on activity — simply put, the rate will go higher as more miners compete to mine bitcoin or lower if competition draws down. Alas, heads turned in the cryptoeconomy on Thursday, March 26th, when the Bitcoin mining difficulty rate underwent its second-starkest decline yet in the ... The maximum difficulty is roughly: maximum_target / 1 (since 0 would result in infinity), which is a ridiculously huge number (about 2^224). The actual maximum difficulty is when current_target=0, but we would not be able to calculate the difficulty if that happened. (fortunately it never will, so we're ok.) Can the network difficulty go down? As mining difficulty goes down, this is the best time to start mining Bitcoin. With smaller competition, resilient miners can mine more Bitcoin per fixed unit of power than before. Mining is about ... Bitcoin Price - The bitcoin price can be quite volatile at times at this can effect the mining payouts, good or bad. Bitcoin Mining Difficulty - The mining difficulty can go up and down as more miners join and leave the network, this can also have a positive or negative effect on mining payouts.
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