what is mining difficulty how its increase or decrease?

[mynameisdon]

yesterday i was calculating profit of 60ghs hardware.but i found that someone told me that its also depending on mining difficulty.. but i think its too hard to find it.and now mining going unprofitable for me..help me.

[VirosaGITS]

yesterday i was calculating profit of 60ghs hardware.but i found that someone told me that its also depending on mining difficulty.. but i think its too hard to find it.and now mining going unprofitable for me..help me.

Its not rocket science. If the total network hashrate double, your BTC earning is cut in half and so on. And then you multiply your BTC earning by the BTC value vs your currency of choice.

Here's 2 calculators i use;
https://bitcoinwisdom.com/bitcoin/calculator (Full)
http://www.coinwarz.com/calculators/bitcoin-mining-calculator (Simple)

[Scream]

ceck the  faq on bitcoin wiki
What is "difficulty"?

Difficulty is a measure of how difficult it is to find a hash below a given target.

The Bitcoin network has a global block difficulty. Valid blocks must have a hash below this target. Mining pools also have a pool-specific share difficulty setting a lower limit for shares.

https://en.bitcoin.it/wiki/Difficulty


if you have more question about bitcoin, i prefered you to read this article before ask again
https://en.bitcoin.it/wiki/Help:FAQ


you can use this to calculate your profit (like virosaGITS suggestion) :
https://bitcoinwisdom.com/bitcoin/calculator (Full)

[MFahad]

every field need hard working and difficulties , its a long time journey.

[Amph]

the difficulty is now decreasing about -4% negative, you can easily use any online calculator to calculate your profit

60giga hardly do any difference aside from the diff, so you should not be worry about, you're mining peanuts in any case