Bitcoin (BTC) Difficulty Rises by 15% Overnight, Mining ...

Bitcoin Difficulty Rises After Two Successive Drops

Bitcoin Difficulty Rises After Two Successive Drops submitted by voyagerdoge to DogeNews [link] [comments]

Bitcoin difficulty rising/price increase or decrease

How fast does the subreddit think bitcoins difficulty will rise after the introduction of the asic chips? How high do you think it will be? How fast do you think it will rise, like a time frame. and where do you think the difficulty will be at in 6 months? Another question: With the introduction of the asic chips, and the block chain halving/difficulty rise, will there be a rise in bitcoins price? if so, how much and how fast? Along with that, here is another question: If one were to purchase the Terehash supercomputer from butterfly labs, how profitable will it be? I'm assuming the power usage will be at 5000 watts. Does anyone know how fast BFL are shipping out these machines? I know all this is speculation and estimation, but i would love to know what you guys think.
thanks in advance!
submitted by FuttBisting to Bitcoin [link] [comments]

Is anybody else wondering why we've lost ~10% of the hashrate since the last difficulty adjustment despite seeing a significant market price rise since then? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Blockchian company Riot buys another 2500 pcs S19 pro, Bitcoin miners face to stay competitive as bitcoin's price and mining difficulty both rise.

https://twitter.com/1TMine1/status/1315898159495749632?s=20
submitted by 1TMine to Bitcoin [link] [comments]

Blockchian company Riot buys another 2500 pcs S19 pro, Bitcoin miners face to stay competitive as bitcoin's price and mining difficulty both rise. (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Unintended consequence of a hard fork---difficulty oscillations

We are observing the first phase of an unintended side effect of the BCH hard fork. Because bitcoin and BCH use the same proof of work algorithm, miners can jump from one chain to the other, wherever mining is more profitable.
Assuming that miners could jump effortlessly and instantly (which is, luckily, not the case just yet), and assuming that all miners always seek maximum profit, all should now be mining BCH and the bitcoin chain would come to a screeching halt with no blocks whatsoever.
Since BCH would then have a very high block frequency, the difficulty adjustment algorithm would soon, within a few days, increase the difficulty fourfold (the limit of what the algorithm does). All miners would jump back to bitcoin, and bitcoin would work normally for a while, until its difficulty would presumably rise a bit while BCH would stand still without a single block. The question now is whether the bitcoin difficulty rise suffices to chase all miners back into BCH mining or not, which also depends on the two coins' prices.
Both chains have certain mitigating advantages. Bitcoin has the advantage that too few blocks would lead to very high fees, which would eventually lure miners back into an unpleasant, but less catastrophic equilibrium between high fees and miner's profitability estimates.
BCH, on the other hand, has big blocks, so situations like one block per hour are unpleasant, but also not catastrophic. No block at all would, of course, be catastrophic for either chain.
Fortunately the assumption I made initially will probably not be true. Some miners will stick to one chain for ideological reasons, out of conviction about long-term success, or because somebody bribes them, presumably also for ideological reasons. In addition most miners are not yet able to jump from one chain to the other easily and instantly for technical reasons. They would experience service interruptions, extra work, perhaps bugs.
I am finding myself completely unable to predict what will actually happen, which is bad enough in itself. Please join in, anybody, who knows more.
After yet another hard fork in a few months we may have the equivalent of an unstable three-body problem, like the one with celestial bodies, where the only safe prediction will be that nobody can predict the outcome.
Bitcoin and its derivatives have not been designed for this situation. I bet Satoshi Nakamoto never thought about what would happen to the difficulty after such a hard fork, otherwise he would presumably have tried to design a solution into the difficulty adjustment. Even this intellectual giant could not foresee everything.
What can we learn from this? That hard forks without a very clear separation, including different proof-of-work algorithms, are highly risky and dangerous and that the people who create them without understanding fully what they are doing may inadvertently damage or destroy both bitcoin and their own immature fork creations at the same time. Somehow this reminds me of Frankenstein's monster, born of good, but naive intentions, and sadly unable to fit in.
Bitcoin Crash?
submitted by hgmichna to Bitcoin [link] [comments]

Bitcoin Mining Difficulty Hits a New Record, Estimated to Rise Further

Bitcoin Mining Difficulty Hits a New Record, Estimated to Rise Further submitted by kynek99 to Bitcoin [link] [comments]

What death spiral? Bitcoin mining difficulty rises by 9% since halving

What death spiral? Bitcoin mining difficulty rises by 9% since halving submitted by bitdex to BitcoinMining [link] [comments]

What death spiral? Bitcoin mining difficulty rises by 9% since halving

submitted by InTheKnow_2016 to mrcryptolive [link] [comments]

Bitcoin Mining Difficulty Hits a New Record, Estimated to Rise Further

Bitcoin Mining Difficulty Hits a New Record, Estimated to Rise Further submitted by bitcointothemoon_ to CryptoCurrencyTrading [link] [comments]

What death spiral? Bitcoin mining difficulty rises by 9% since halving

submitted by raaner12 to Altcoinss [link] [comments]

Bitcoin Mining Difficulty Hits a New Record, Estimated to Rise Further

Bitcoin Mining Difficulty Hits a New Record, Estimated to Rise Further submitted by bitcointothemoon_ to Crypto_Currency_News [link] [comments]

What death spiral? Bitcoin mining difficulty rises by 9% since halving

After the May 11 halving, some skeptics speculated that miners would capitulate or that the entire process would enter a death spiral. Fast-forward three months and the Bitcoin (BTC) hash rate is at a record high. An all-time high hash rate and a stable Bitcoin mining industry are both positive signs for the medium to […]
submitted by FuzzyOneAdmin to fuzzyone [link] [comments]

Bitcoin Mining Difficulty Hits a New Record, Estimated to Rise Further

Bitcoin Mining Difficulty Hits a New Record, Estimated to Rise Further submitted by bitcointothemoon_ to CryptoMarkets [link] [comments]

Bitcoin Mining Difficulty Hits a New Record, Estimated to Rise Further

Bitcoin Mining Difficulty Hits a New Record, Estimated to Rise Further submitted by cryptoallbot to cryptoall [link] [comments]

What death spiral? Bitcoin mining difficulty rises by 9% since halving

What death spiral? Bitcoin mining difficulty rises by 9% since halving submitted by Ranzware to BitNewsLive [link] [comments]

Bitcoin Network Difficulty Rises to Record Highs of 17.35T Two Months after Reward Halving

Bitcoin Network Difficulty Rises to Record Highs of 17.35T Two Months after Reward Halving submitted by Crypto-Economy to cryptoeconomynet [link] [comments]

'No Bailouts Required' — Bitcoin Difficulty to Rise as Hash Rate Recovers

'No Bailouts Required' — Bitcoin Difficulty to Rise as Hash Rate Recovers submitted by Ranzware to BitNewsLive [link] [comments]

Bitcoin difficulty

Bitcoin difficulty rise up rapidly wtf???
submitted by Ferdinand6595 to Bitcoin [link] [comments]

Hash rate back on the rise as Bitcoin's difficulty increases (Green line)

Hash rate back on the rise as Bitcoin's difficulty increases (Green line) submitted by bytetree to Bitcoin [link] [comments]

Mining Bitcoin BTC at Home is NOT PROFITABLE | Network Difficulty Rising Faster Than Bitcoin Price

Mining Bitcoin BTC at Home is NOT PROFITABLE | Network Difficulty Rising Faster Than Bitcoin Price submitted by VoskCoin to Bitcoin [link] [comments]

Mining Bitcoin BTC at Home is NOT PROFITABLE | Network Difficulty Rising Faster Than Bitcoin Price

Mining Bitcoin BTC at Home is NOT PROFITABLE | Network Difficulty Rising Faster Than Bitcoin Price submitted by VoskCoin to VoskCoin [link] [comments]

Big Difficulty Moves for Bitcoin Bitcoin Q&A: Why Can't Bitcoin Mining Difficulty Adjust a Little Quicker? BITCOIN ALLZEITHOCH IST IN SICHT Droht Bitcoin durch die Miner ein Absturz? - Difficulty ... What is a Bitcoin? - YouTube

Bitcoin mining difficulty has risen by 9% since the May 11 halving, demonstrating that the ecosystem remains healthy despite post-halving miner capitulation fears. After the May 11 halving, some skeptics speculated that miners would capitulate or that the entire process would enter a death spiral. Fast-forward three mo Bitcoin mining difficulty rises by 9% since halving. Bitcoin mining difficulty has risen by 9% since the May 11 halving, demonstrating that the ecosystem remains healthy despite post-halving miner capitulation fears. After the May 11 halving, some skeptics speculated that miners would capitulate or that the entire process would enter a death spiral. Fast-forward three months and the Bitcoin ... The Bitcoin Network Difficulty Metric The Bitcoin network difficulty is the measure of how difficult it is to find a new block compared to the easiest it can ever be. It is recalculated every 2016 blocks to a value such that the previous 2016 blocks would have been generated in exactly two weeks had everyone been mining at this difficulty. This will yield, on average, one block every ten ... Bitcoin mining difficulty rises by 9% since halving. August 25, 2020 Delia Bitcoin 0. After the May 11 halving, some skeptics speculated that miners would capitulate or that the entire process would enter a death spiral. Fast-forward three months, and the Bitcoin hash rate is at a record high. An all-time high hash rate and a stable Bitcoin mining industry are both positive signs for the ... Bitcoin mining difficulty rises by 9% since halving. August 25, 2020 by admin 0 Comments. Bitcoin News. Share on Facebook. Share on Twitter. Share on Pinterest. Share on LinkedIn. After the May 11 halving, some skeptics speculated that miners would capitulate or that the entire process would enter a death spiral. Fast-forward three months and the Bitcoin hash rate is at a record high. An all ...

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Big Difficulty Moves for Bitcoin

Droht Bitcoin durch die Miner ein Absturz? - Difficulty, Gefahren und Hoffnungsschimmer 👀 BUCHTIPP: Bitcoin Entdecken 👀 https://amzn.to/37GePjF Wie der Tit... http://bitcoins-millionaire.com/bitcoin-revolution/ What is Bitcoin You might be already aware of this NEW digital currency known as BITCOIN, you might have ... This video is unavailable. Watch Queue Queue. Watch Queue Queue The Bread Rises while Bitcoin Rests - BRD Token Trade Genius Stock Market News. Loading... Unsubscribe from Trade Genius Stock Market News? Cancel Unsubscribe. Working... Subscribe Subscribed ... The Bitcoin mining difficulty currently adjusts roughly every 2 weeks, while on other chains mining difficulty adjusts much more often. Why? Why does Bitcoin...

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