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Title: Did difficulty just go up again? Post by: A.Delaney on December 19, 2017, 02:12:16 AM I seem to have much less btc being mined right now than I did at this time yesterday? Ive only just started this recently so Im not use to the changes yet. My Hash rate is still the same as always.
Title: Re: Did difficulty just go up again? Post by: VRobb on December 19, 2017, 02:25:06 AM Happens every 2 weeks. Look it up on the new-fangled thing called the, let's see what was that again, Internet.
Title: Re: Did difficulty just go up again? Post by: A.Delaney on December 19, 2017, 02:30:55 AM I did. Thanks. I didnt know if anyone would have anymore input other than it goes up every two weeks.
Title: Re: Did difficulty just go up again? Post by: VirosaGITS on December 19, 2017, 03:44:44 AM I did. Thanks. I didnt know if anyone would have anymore input other than it goes up every two weeks. It goes up every 2016 blocks, so 2 weeks more or less, more often less because hashrate go up. If you'd like more input, ask more questions. Title: Re: Did difficulty just go up again? Post by: philipma1957 on December 19, 2017, 03:48:06 AM It can go down.
It has had drops . Frankly you cant predict it long term Title: Re: Did difficulty just go up again? Post by: Junkbarman on December 19, 2017, 04:31:31 AM The blocks are solved on average every 10 minutes, if they happen quicker than that difficulty goes up, if it happens slower then difficulty drops.
So, you can see how adding more and more hash speed to the network makes the difficulty go up. Title: Re: Did difficulty just go up again? Post by: A.Delaney on December 19, 2017, 05:48:01 AM The blocks are solved on average every 10 minutes, if they happen quicker than that difficulty goes up, if it happens slower then difficulty drops. So, you can see how adding more and more hash speed to the network makes the difficulty go up. Ok Ya I can see that now. So if the price of BTC plummeted and miners started pulling the plug because profitability was no longer there then the difficulty level would drop compensating for the reduced amount of Hashing. Title: Re: Did difficulty just go up again? Post by: VirosaGITS on December 19, 2017, 07:20:48 PM The blocks are solved on average every 10 minutes, if they happen quicker than that difficulty goes up, if it happens slower then difficulty drops. So, you can see how adding more and more hash speed to the network makes the difficulty go up. Ok Ya I can see that now. So if the price of BTC plummeted and miners started pulling the plug because profitability was no longer there then the difficulty level would drop compensating for the reduced amount of Hashing. Yes, BTC would have to drop to under 2000$ though. Not impossible, but it seem improbable to me, now. Title: Re: Did difficulty just go up again? Post by: SkyLakeMine on December 21, 2017, 06:20:58 PM I seem to have much less btc being mined right now than I did at this time yesterday? Ive only just started this recently so Im not use to the changes yet. My Hash rate is still the same as always. Difficulty adjustment and BCH price spike at kinda the same time. Result is fewer blocks on BTC chain but huge spike in fees per block. About 10 BTC in fees per block these days. |