A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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. The higher the mining difficulty, the less Bitcoin you get for a fixed amount of power. To justify the difficulty, prices tend to go up. The higher the price, the more people get interested in Bitcoin mining. As with any asset, more people get interested in it when prices are going up. Therefore, mining difficulty follows prices. The difficulty of mining a Bitcoin block ramped up by 3.6% today, marking an all-time high for the network. But the adjustment does put additional pressure on miners. While not the most significant leap in difficulty adjustment history, the 3.6% hike brought Bitcoin's total network difficulty to a record high of 17.56 trillion (T). It is a lot harder now to be a Bitcoin miner. Data from Glassnode, a crypto analytic firm, showed Bitcoin mining difficulty increased today by 11.3%, hitting a new all-time high. #Bitcoin mining difficulty increased today by 11.3%, hitting a new all–time high! It is the 3rd largest positive ... The Bitcoin difficulty chart provides the current Bitcoin difficulty (BTC diff) target as well as a historical data graph visualizing Bitcoin mining difficulty chart values with BTC difficulty adjustments (both increases and decreases) defaulted to today with timeline options of 1 day, 1 week, 1 month, 3 months, 6 months, 1 year, 3 years, and all time
Bitcoin basics: What is the difficulty target and how does it adjust itself?
Well, I always heard the naysayers and bitcoin mining haters saying that Bitcoin mining (and other cryptocurrencies) is not worth it anymore… that you must be careful about the increasing ... Bitcoin mining difficulty drops a historical 16%, bitcoin hashrate down 45%. Bitcoin mining difficulty explained in this video. Start mining bitcoins in the warrior mining btc mining farm: https ... Bitcoin Mining Difficulty. What is it? We all have heard about it. But, do we actually know what it is and how it works? We take a look at the history of Bit... Mining Bitcoin or Ethereum is a hard task for your computer. But why? And what does the difficulty have to do with the security of blockchains? Learn all abo... The difficulty of mining bitcoin (BTC) has just reached another all-time high, after rising more than expected during today’s difficulty adjustment. Meanwhil...