why bitcoin mining difficulty is increased?

[WUUEX79]

The bitcoin mining difficulty has undergone another major change. It seems the difficulty continues to increase by a higher percentage over the past few months. This latest change represents mining more difficult, indicating a lot of new hashpower has come online over the past several weeks. It is unclear if this is the case.
We can only speculate as to what type of mining hardware is being deployed on a large scale all of a sudden.

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[eann014]

This happens all the time. The difficulty goes up, the price goes up. The price goes up, the difficulty goes up. Hashrate goes up, the price and difficulty both go up.

You don't mine to earn dollars, you mine them to earn bitcoin. Don't pay attention to roi calculators. Just know that you have a machine that makes btc for you and you got it at a set price. You run that machine at a set price, too, but the bitcoin price keeps going up.  Don't worry about what the coins you mine today are worth today. Think about what they might be worth next year.

Well, i should agree to this. Because once we mine today it will not cost as like what it will be cost on the future, when mining, always think for the better future and think for the price of a bitcoin in the near future. If bitcoin price today is $6500 then think of that bitcoin price will increase up to $10k or more.

[youdacapt]

This happens all the time. The difficulty goes up, the price goes up. The price goes up, the difficulty goes up. Hashrate goes up, the price and difficulty both go up.

You don't mine to earn dollars, you mine them to earn bitcoin. Don't pay attention to roi calculators. Just know that you have a machine that makes btc for you and you got it at a set price. You run that machine at a set price, too, but the bitcoin price keeps going up.  Don't worry about what the coins you mine today are worth today. Think about what they might be worth next year.

Well, i should agree to this. Because once we mine today it will not cost as like what it will be cost on the future, when mining, always think for the better future and think for the price of a bitcoin in the near future. If bitcoin price today is $6500 then think of that bitcoin price will increase up to $10k or more.

I also do not always pay attention to ROI, as long as I can do the maintenance system then one year is not an important time to get the initial capital, the ever-changing difference with the harder blocks makes the system stronger, it will extend the mining time. What we need to consider is the system of care and regulation on a regular basis.

[Dodoymabs]

This happens all the time. The difficulty goes up, the price goes up. The price goes up, the difficulty goes up. Hashrate goes up, the price and difficulty both go up.

You don't mine to earn dollars, you mine them to earn bitcoin. Don't pay attention to roi calculators. Just know that you have a machine that makes btc for you and you got it at a set price. You run that machine at a set price, too, but the bitcoin price keeps going up.  Don't worry about what the coins you mine today are worth today. Think about what they might be worth next year.

Well, i should agree to this. Because once we mine today it will not cost as like what it will be cost on the future, when mining, always think for the better future and think for the price of a bitcoin in the near future. If bitcoin price today is $6500 then think of that bitcoin price will increase up to $10k or more.

I also do not always pay attention to ROI, as long as I can do the maintenance system then one year is not an important time to get the initial capital, the ever-changing difference with the harder blocks makes the system stronger, it will extend the mining time. What we need to consider is the system of care and regulation on a regular basis.

Bitcoin mining difficulty is periodically adjusted to ensure that block time stays at about 10 minutes. As more mining capability is brought online, difficulty will increase accordingly. Difficulty also increased because more miners are now mining bitcoin so the reward will get smaller and smaller.

[Bonakid]

why bitcoin mining difficulty is increased?

I just want to knows that why the bitcoin mining difficulty level is increased and i am afraid of the life of future miners.Maybe in future the miners electricity will cost more than our rewards because of the difficulty level.

Bitcoin mining difficulty is increased because of the current value of bitcoin, the transaction fee affected also due to flactuating of the price. Also continuous increasing of number of miner will make it to difficult to mine bitcoin.

[Crypto_Sting]

Earnings on bitcoin are becoming more popular, with every day more and more crypto currency appears on the market, it is necessary to be very vigilant and to choose for yourself an investment wisely.

[SirLegendary]

why bitcoin mining difficulty is increased?

I just want to knows that why the bitcoin mining difficulty level is increased and i am afraid of the life of future miners.Maybe in future the miners electricity will cost more than our rewards because of the difficulty level.

[odolvlobo]

why bitcoin mining difficulty is increased?

I just want to knows that why the bitcoin mining difficulty level is increased and i am afraid of the life of future miners.Maybe in future the miners electricity will cost more than our rewards because of the difficulty level.

Yes. The difficulty will probably increase until the revenue from your mining is less than the cost of your electricity.

[PrisonerOfLies]

The difficulty increase is a function of the global hash rate that's mining the coins.

[Virtual miner]

This is due to the design criteria of bitcoin. It is designed in such a way as to keep up a certain limit on daily block mining. Bitcoin network is so desgined to solve around 144 blocks on daily basis. You see more sharks in the pond finding fishes would mean difficulty for each shark. So as people are coming up with new solutions to mine bitcoin. The difficult or the hash rate is increasing to mantain the average.

[most-wanted]

why bitcoin mining difficulty is increased?

I just want to knows that why the bitcoin mining difficulty level is increased and i am afraid of the life of future miners.Maybe in future the miners electricity will cost more than our rewards because of the difficulty level.

Yes. The difficulty will probably increase until the revenue from your mining is less than the cost of your electricity.

Don't grab for the untwisted complex currencies such as Bitcoin or the etherium - there are hundreds of very simple to extract, but theoretically claimed, coins that can easily be mused even with simple equipment. Here, and stuff yourself quietly e-wallets and put it back in a box, and there you look and shoot, not in 2018 - so in 2019.

[dissgo]

Difficulty is increased because of the rate of bitcoin.
It surged and going higher and higher.
And when the the rate is so high, it attracts so many people to be miners to mine bitcoin.

[copoyes]

because the higher the price the harder it is also to be obtained
the cheaper the price the easier it can be

[Lanatsa]

because the higher the price the harder it is also to be obtained
the cheaper the price the easier it can be

No you are wrong. Mining difficulty doesnt really depend on the value of bitcoin. Price isnt connected at all. Mining difficulty do increase because there are already lots of miners in the network trying to solve out blocks which means the more miners the higher possibility to increase mining difficulty.Its just like that and this is why mining bitcoin wont really be sustainable for long term because of the difficulty.

[PORN_coin]

it's very simple the more the miners the more difficult the network

[aroweyen]

As per my knowledge mining difficulty directly reflects the amount of computing power that the Bitcoin network has. This is adjusted on a periodic basis so that the average block solution time is 10 minutes (Bitcoin clients recalculate the difficulty every 2016 blocks). The difficulty can go up or down depending on how much effort people are putting into mining.

[hacker1001101001]

why bitcoin mining difficulty is increased?

I just want to knows that why the bitcoin mining difficulty level is increased and i am afraid of the life of future miners.Maybe in future the miners electricity will cost more than our rewards because of the difficulty level.

Bitcoin mining is not like just farming. It takes a limited amount of coins from a limited source. There are more and more miners increasing day by day and this is making mining difficult and costly too. If we have to solve this one need to increase the amount of total BTC in the world or one day there will be no miners left around the world as the cost of electricty will exceed the profit.

[cipher-x_09]

Due to the volume of electricity, it consumes as the specifications go higher than the higher the consume electricity it will require, probably also one the reasons is that because the demand tends to increase as the price of goes up and up as the day passes by the volume of activity for miners are getting much more difficult that is stressing them out.

[moonfrost21]

Isn't it because the miners for bitcoin are increasing and the coins to be mined were halves every year? There is also the increase in demand but don't worry mining is still profitable even before people can mine a good amount of it for everyday

[armandoz]

I think because the hardware so expensive. not all can relate unless you are technical persons and willing to invest despite of prize of the parts are not affordable and have knowledge to maintain the operation. if the unit having a problem your date will also lost.