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Title: Relationship between mining difficulty and coin value Post by: Pairoducks on October 29, 2017, 06:51:41 PM I wanted to get some opinions on how changes in mining difficulty affect the value of bitcoin and other altcoins? Is it a proportional relationship or is it much more complicated than that? Thought?
Title: Re: Relationship between mining difficulty and coin value Post by: Salmen on October 29, 2017, 11:54:46 PM With an increase in the price, more miners are jumping in and thereby the difficulty is increasing steadily so profit will not be high for users. The difficulty is not increasing proportional but steadily, there are times at which the difficulty is decreasing but also increasing.
Title: Re: Relationship between mining difficulty and coin value Post by: squatz1 on October 30, 2017, 01:05:34 AM Little more complicated then that, but I think it's safe to say that as the bitcoin price goes up more often then not the difficulty of mining bitcoin will also be going up. There may be some changes with this due to the fact of splitting of the amount of Bitcoins that are given as the fee, but you're correct in a general sense.
You could always compare this (https://www.coindesk.com/data/bitcoin-mining-difficulty-time/) and the price of Bitcoin (you can find this anywhere, probably on the same link) Title: Re: Relationship between mining difficulty and coin value Post by: Pairoducks on October 30, 2017, 07:11:20 AM Thank you for the info, those charts are helpful :)
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