Probability of finding a Block !

[albetli]

Hii i'v noticed that the "Probability of a Block" is increasing per day from %5 to %80 in one month, my question is does this percentages get repeated every time i found a block or does it continue to progress over the time ?
in other word if i was mining for 60 days will it double to %160 or it will renew it's self over and over after each block's founded ?

[Sev18]

The latter is right. Renewed every blocks.

[Josepht]

The probablility to find a block is determined by the current bitcoin difficulty, and the amount of hashing power you have. The hashing power stays the same (or might decrease, because technology doesn't last long), and the bitcoin difficulty is recalculated every 1024 blocks, based on how fast the previous 1024 blocks were found.

Since more and more people start mining, and since people get better and better equipment, the difficultiy increases over time.

If you mine for 60 days, and everyone mines exactely the same as they do now, the difficulty will stay the same.

At least, this is true for bitcoin. Most altcoins are based on the same principal, but might differ.