[2015-12-20] Bitcoin Mining Difficulty Jumps the Most in 16 Months, 100B Next

[secone]

This weekend, the Bitcoin mining difficulty increased by 18.14% to 93,448,670,796, its biggest jump since August 2014.

Bitcoin mining difficulty is a measure of how hard it is to discover the hash below a given target, which is required to validate the next block of transactions. The difficulty level automatically changes every 2016 blocks, or roughly every two weeks. The adjustment is based a target of 10-minute block times.

http://www.financemagnates.com/cryptocurrency/news/bitcoin-mining-difficulty-jumps-the-most-in-16-months-100b-next/

[FruitBucket]

More efficient new miners are coming to the market. Next adjustment will jump about 15%. It is difficult to mine now.

[secone]

More efficient new miners are coming to the market. Next adjustment will jump about 15%. It is difficult to mine now.

but if we see the fact , now bitcoin price down arround 2-3%
look at https://bitcoinwisdom.com/markets/bitstamp/btcusd

[1Referee]

More efficient new miners are coming to the market. Next adjustment will jump about 15%. It is difficult to mine now.

but if we see the fact , now bitcoin price down arround 2-3%
look at https://bitcoinwisdom.com/markets/bitstamp/btcusd

The fact that the difficulty has gone up crazily high and the price was dumped down yesterday doesn't say much. It's nothing more than whale play. Large players won't do anything that costs them money, they manipulate the market to earn big bucks. The price will recover to what can be seen as a better reflection of difficulty/price levels.

[FruitBucket]

More efficient new miners are coming to the market. Next adjustment will jump about 15%. It is difficult to mine now.

but if we see the fact , now bitcoin price down arround 2-3%
look at https://bitcoinwisdom.com/markets/bitstamp/btcusd

Some miners are buying more efficient miners in the belief that they can make profit even when the difficulty rise and price drops.